If the government builds a bridge halfway into the ocean (essentially a bridge to nowhere), how does this impact the country's economic health? A) Increases GDP, raises unemployment B) Decreases GDP, raises unemployment C) Increases GDP, lowers unemployment D) Decreases GDP, lowers unemployment

If the government builds a bridge halfway into the ocean (essentially a bridge to nowhere), how does this impact the country's economic health? A) Increases GDP, raises unemployment B) Decreases GDP, raises unemployment C) Increases GDP, lowers unemployment D) Decreases GDP, lowers unemployment

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter14: Macroeconomic Policy: Tradeoffs, Expectations, Credibility, And Sources Of Business Cycles

Section: Chapter Questions

Problem 7E

See similar textbooks

Related questions

Q: In 1965, the federal government established __________to provide minimal health care for senior…

A: Health care economics describe the various factors that converge to influence the health care…

Q: What can government do to make health systems more equitable

A: Economics is the study of human behavior in response to the use of scarce resources having unlimited…

Q: Take a look at how the different healthcare systems around the world works. How would you advise…

A: There are some activities of healthcare that differently works around the world are the following:…

Q: Which of the following is true about social insurance programs? a-all of these b-Individuals can…

A: Government administers a set of insurance programs which are referred to as social insurance…

Q: ast year, some persons were hoping and praying for a vaccine to be developed to fight against Covid…

A: Vaccines, infrastructure to conduct the programme and maintain the cold chain, and…

Q: The U.S. health care delivery system has been criticized for its structural defects: high costs,…

A: Through the analysis of healthcare providers, hospitals, clinics, managed care, and public health…

Q: Which of the following services are provided by the federal government? Group of answer choices a…

A: Federal government provides various services to the people in return of their income tax and to…

Q: True or False a: Medicad and Medicare are examples of Regulatory policies. b: The social underclass…

A: Medicaid and Medicare ade the related with healthcare of population . And they are different at the…

Q: What is the primary reason why social insurance exists? a-the moral hazard problem increases costs…

A: Moral Hazard problem can be seen in the insurance industry. the concept that beneficiaries have…

Q: "Providing health care is obviously a public good. If one person becomes ill and doesn't receive…

A: A public goods is defined as a good that is non-exclusive and non-rivalry in nature.

Q: Explain Janet Yellen's economic views and explain which type of policy you think she will pursue to…

A: Covid-19 or pandemic has shaken the each and every economy irrespective of the size or GDP level .…

Q: (x) The federal healthcare spending program that specifically targets the poor is called Medicaid…

A: The answer is - 1. (x), (y) and (z)

Q: Assume that one of your employees has recently tested positive for the AIDS virus. Although he is…

A: INTRODUCTION: AIDS VIRUS: Acquired immunodeficiency syndrome (AIDS) could be a chronic,…

Q: Why economics is essential in addressing the health-related problem?

A: Economics is a diverse subject and is needed everywhere. The resources are limited and thus, proper…

Q: Do countries with national health insurance programs have lower average medical costs than the…

A: Do countries with national health insurance programs have lower average medical costs than the…

Q: Distinguish between leakages and injections with aid of examples

A: When the funds are moved out of the circular flow of income, it is termed leakages. Leakages are…

Q: From the following which is NOT one of the primary goals of the Affordable Care Act (2010)? Question…

A: Affordable care act (2010) was signed by Obama in 2010 with the aim of increasing coverage of health…

Q: People who live in rural areas may have a hard time accessing long term health care facilities True…

A: The above. Statement is true.

Q: How can increasing the tax rate help the government to deal with the aging problem?

A: Ageing population means that there is a fall in the fertility rate or the birth rate accompanied by…

Q: Gardenia works in Health Services. In a typical day, she designs prosthetics for patients who have…

A: In an economy, different economic activities are related with different business categories such as…

Q: According to the late health care economist Uwe Reinhardt, "The Affordable Care Act is an ugly patch…

A: Answer:- Yes I agree with the given statement "The Affordable Care Act is an ugly patch on an ugly…

Q: Is Canadian government spending on health care a direct expenditure or a transfer payment? How can…

A: A one-way payment to a person or organisation for whom no goods or services have been transferred is…

Q: The National Science Foundation Promotes basic research and education Provides…

A: In an economy, the government implements various programs and establishes a various foundation to…

Q: What do governments typically care about as "benevolent planners"? Question 3 options: Both…

A: When talking about a benevolent planner, he is the person or an institution that works to improvw…

Q: Start health-care reform in emergency rooms To get started on health-care reform, Congress should…

A: Marginal benefit is the most extreme measure of cash a purchaser will pay for an extra decent or…

Q: Answer the statement below. Why most people wanted to move to another house during pandemic, but…

A: Money refers to the currency used for the purchase of goods and services. Money is a legal currency…

Q: Why does the United States spends more on health care than other nations?

A: Healthcare is the maintenance or improvement of health via the prevention, diagnosis, treatment,…

Q: The U.S. health care system is changing, including becoming more data-driven, evidence-based,…

A: Medical education establishes a commitment to learning over the course of a physician's career to…

Q: he graph below shows the market for medical services in a country. Initially, there is no government…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Dana’s lives in a country where health care is publicly funded, available to all of its citizens,…

A: Health is one of the most important thing in formation of human capital .A good Helath is the…

Q: Because of the moral hazard problem, a-the government has increased incentive to regulate insurance…

A: The problem of moral hazard is the change in individual's behaviour when their risk is born by…

Q: what step should BC government take to support students who have lost their job due to covid 19.(…

A: Answer -

Q: give two strategies that will help make Canadian health care systems more inclusive and equitable…

A: Answer Strategies that will help make Canadian health care systems more inclusive and equitable are…

Q: Which one is the drawback of employer-sponsored health insurance Can create labor market…

A: The "employer-sponsored health insurance" can be defined as the insurance provided by the employer…

Q: Why would increased spending as a percentage of GDP on, say, household appliances or education in a…

A: GDP is a macroeconomic measure that is used to determine the total aggregate production in a…

Q: Are there ways the government can or does attempt to improve the quality of information on certain…

A: market inefficiency due to imperfect information exists in general across globe, these inefficiency…

Q: Information is an integral part of many public health programs that can be considered as public…

A: As a public asset with potential for global reach, knowledge helps us to know our rights and…

Question

If the government builds a bridge halfway into the ocean (essentially a bridge to nowhere), how does this impact the country's economic health?

A) Increases GDP, raises unemployment

B) Decreases GDP, raises unemployment

C) Increases GDP, lowers unemployment

D) Decreases GDP, lowers unemployment

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

What percentage of gross domestic product (GDP) is spent on health care in the United States?
what are the main reasons for the growing share of the service sector in all major economies of the world, even during this period of pandemic?
Insurance is basically the transferring of risk from one party to another. A. True B. False The cost of healthcare is higher than most other developed countries. A. True B. False
What do you think is the most important use of demograohy in public health?
How is wage suppression and reducing public payments such as pensions bad for the economy?
What proportion on the GDP is spent on health care? 0.2 0.75 0.18 0.30 QUESTION 2 Which of the following options is incorrect about US health care? Health care spending as a share of GDP has been steady from 2008 to 2012 The projected health care spending as a share of GDP in 2020 is lower than the current share. Increase in life expectancy is one of the reasons of increase in health care costs US is categorized as a country with high health care costs QUESTION 3 For every 10 percent increase in price of health care services, demand falls by 3 percent. How much is the own price elasticity of demand for health care? 0.3 3.33 -3.33 -0.3 QUESTION 4 What is a Cadillac plan? Health insurance plan for Cadillac company (car manufacturer) A very generous employer-sponsored health insurance plan There is no such plan A very generous health plan for Cadillac owners QUESTION 5 Demand for health care is not Downward sloping Sensitive to the price of health care Vertical Horizontal…
Why it is so important to know about the pandemic that has affected the households with different income level?
In what ways does the united States government safety net fail for low-income people?
What are the possible policies to alleviate the government’s burden from aging problem?
If a politician says that she thinks that healthcare is a basic human right, she is make a ... statement. a. incorrect b. positive c. correct d. normative
What determines how much is spent on average in the United States: how sick people are or how much money they earn?
Health care spending growth is outpacing spending growth in other sectors of theeconomy, growing from 5% of GDP to 17.9% in 2016. Spending growth can arise from anincrease in the quantity of care, an increase in the price of care, or both. a. Give two reasons why the quantity of health care consumed has increased over time.Explain. b. Since 1980, the price of medical care has increased 6.7 times as measured by the medicalcare consumer price index. Explain why it is difficult to track changes in prices formedical care. c. Consumers may benefit if price increases reflect an increase in the quality of medicalcare, but may be hurt if price increases do not reflect an increase in quality. For example,in 2015 Turing Pharmaceuticals raised the price of toxoplasmosis treatment Daraprim byover 5000%, from $13.50 to $750 per pill. Using a diagram of supply and demand, showhow a price increase initiated by suppliers can make consumers worse off when there isno accompanying quality increase. On…