Indicate whether the statement is true or false, and justify your answer.Every antibiotic taken causes a net social loss by contributing to antibiotic resistance.
Q: Indicate whether the statement is true or false, and justify your answer.A Coasian approach may not…
A: An externality is an additional cost or benefit incurred to a third person who is not directly…
Q: Indicate whether the statement is true or false, and justify your answer.A disease that has been…
A: The given statement is true.
Q: Assuming that a vaccine is discovered in say 18 months, discuss what might have happened to the LRAS…
A: COVID-19 made the global economy suffer. Every economy had to stop all the activities of the economy…
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A: Whole life insurance policies involve certain criteria that needs to be fulfilled by the consumer of…
Q: Health insurance exchanges in the U.S. eliminate moral hazard. True False
A: The risk that a party did not enter into a contract in good faith or gave false information…
Q: Indicate whether the statement is true or false, and justify your answer.At firms that do not…
A: False, because in this case there is no wage pass- through at firms without health insurance.
Q: Indicate whether the statement is true or false, and justify your answer. Unlike with most types of…
A: Healthcare is different from other services because the definition is not clear. Every customer in…
Q: Indicate whether the statement is true or false, and justify your answer.The ratio of a disease’s…
A: Prevalence is a statistical term referring to the number of cases of a disease that occur in a…
Q: Indicate whether the statement is true or false, and justify your answer.Medical arms races, since…
A: The given statement is false.
Q: Indicate whether the statement is true or false, and justify your answer.Price rationing helps…
A: The given statement is true.
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A: When a person performs an act of euthanasia, she brings about the death of another person because…
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A: There are various entry barriers in the different markets, that may be because of the government…
Q: Indicate whether the statement is true, false, or unclear, and justify your answer.An uninsured…
A: After the economic transactions, due to the lack of information between two parties, if one party…
Q: Indicate whether the statement is true or false, and justify your answer.Sickness funds in Bismarck…
A: In a Bismarck model, the sickness funds are private not publicly administered and they are…
Q: Indicate whether the statement is true or false, and justify your answer.Health insurance coverage…
A: True, health insurance coverage is mainly financed through payroll and other taxes, because…
Q: Indicate whether the statement is true or false, and justify your answer.The phenomenon of herd…
A: The given statement is false.
Q: Indicate whether the statement is true or false, and justify your answer.Patients in France…
A: The French healthcare system includes public and private hospitals, doctors, outpatient care and…
Q: Indicate whether the statement is true or false, and justify your answer.Herd immunity is a negative…
A: Negative externality is the spill over cost to the third party by consequence of an activity.…
Q: Indicate whether the statement is true or false, and justify your answer.Viable organs, while…
A: False, because organs accessible for transplant are extremely scare. However the richest people in…
Q: Indicate whether the statement is true or false, and justify your answer.In Canada, unlike in the…
A: False, because Currie in 2003 showed that the gap does make wider in Canada after age 10.
Q: Government Intervention in Medical Markets Include which of the following? Price controls, Entry…
A: Government interventions are the set of activities or actions taken by the government to impact the…
Q: Indicate whether the statement is true or false, and justify your answer.In the presence of…
A: In the presence of externalities, what is good for one person’s private welfare is not good for the…
Q: Indicate whether each statement is true or false, and justify your answer.A country operating below…
A: In this case, a country that is below its own health production frontier is supposed to be…
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A: Dear student as you have posted multiple sub-parts in a question but according to the policies and…
Q: Indicate whether the statement is true or false, and justify your answer. Aging shifts the marginal…
A: If aging occurs in an economy, then the depreciation rate of health increases this causes movement…
Q: Indicate whether the statement is true or false, and justify your answer.Subsidies that provide…
A: The statement is true. Subsidies that provide financial incentives for people to become donor do…
Q: (A positive) prevalence elasticity (of demand for self-protection) implies that when the prevalence…
A: Elasticity of demand refer to the responsiveness of the percentage change in quantity demanded to…
Q: Indicate whether the statement is true or false, and justify your answer.The RAND HIE found that…
A: The people assigned to be free health plan likely to frequently visit the hospital and also were…
Q: Indicate whether each statement is true or false, and justify your answer.Cost–benefit analysis…
A: Cost-benefit analysis (CBA) is used as medium for evaluating the economic efficiency of suggested…
Q: Indicate whether each statement is true or false, and justify your answer.Cost–benefit analysis is…
A: The given statement is false.
Q: Indicate whether the statement is true or false, and justify your answer.For a given disease (with…
A: Solution- Need to be evaluate - Statement is true or false For a given disease (with all else…
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A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: Indicate whether each statement is true or false, and justify your answer.The Dartmouth Atlas…
A: The Dartmouth Atlas results are proof that, health is easier and or cheaper to produce in some…
Q: Indicate whether the statement is true or false, and justify your answer.If a disease is shown to…
A: Elasticity refers to the responsiveness of one variable to changes in another variable; given that…
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A: Government intervention is any action disbursed by the govt or public entity that affects the free…
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A: The covid 19 pandemic has made some governments to impose lockdown shuttering businesses and…
Q: Indicate whether the statement is true or false, and justify your answer.Most economists believe…
A: Eradication of a disease means a permanent reduction in the prevalence of the disease to zero,…
Q: Indicate whether the statement is true or false, and justify your answer.A disease that is very…
A: The welfare loss is the loss of the economic wellbeing of the society which is caused because of the…
Q: Indicate whether the statement is true or false, and justify your answer.Nearly half of expenditures…
A: The cost of healthcare is comparatively high in country U as compared to other countries owing to…
Q: Assume throughout that an individual's demand curve for doctors visits is represented by Q = 50 – P.…
A: Market refers to the place where the buyers and sellers exchange goods and services in the market.…
Q: Indicate whether each statement is true or false, and justify your answer.Price controls decrease…
A: True
Q: Indicate whether the statement is true or false, and justify your answer.People who drop out of high…
A: False According to Grossman Model, the marginal efficiency of investment curve shifts out with…
Q: Indicate whether the statement is true or false, and justify your answer.Compared with doctors who…
A: FALSE.
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A: In general, a recession is often the result of three types of shock: Demand shock, Supply shock, and…
Q: Define moral hazard.
A: Moral hazard depicts the behavior of individual or firms changes after buying insurance. It creates…
Indicate whether the statement is true or false, and justify your answer.
Every antibiotic taken causes a net social loss by contributing to antibiotic resistance.
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- Indicate whether the statement is true or false, and justify your answer.Herd immunity is a negative health externality.Indicate whether the statement is true or false, and justify your answer.For a given disease (with all else equal), if a vaccine has a higher prevalence elasticity of demand, a vaccine subsidy will be a more effective tool to control the equilibrium number of people infected with the disease.How do preferences on the available vaccine for COVID19 affect or contribute to microeconomics? Please answer in 250 words.
- Which of the diagrams illustrates the effect of a governmental subsidy on the market for AIDS research?Indicate whether the statement is true or false, and justify your answer.If a disease is shown to have a surprisingly high prevalence elasticity of demand for self-protection, policymakers should conclude that an eradication campaign is going to be more difficult than expected.Indicate whether each statement is true or false, and justify your answer.A country operating below its own health production frontier is said to be productively inefficient.
- Suppose Homer and Smithers are in the same health insurance pool and they pay the same premium for their health insurance. Suppose further, that the SNPP discriminates against employees on the basis of body weight so that a negative wage penalty is associated with obesity. Finally, suppose Homer eschews exercise and loves jelly donuts much more than Smithers does. As a result, Homer also has much higher expected medical expenditures. Does Homer impose a negative externality on Smithers? Explain why or why not, and describe carefully any assumptions you need to answer this question.Indicate whether the statement is true or false, and justify your answer.Subsidies that provide financial incentive for people to become organ donors may lead to a decrease in donations.The Chief Medical Officer has advised the government that consumption of widget-corn improves the survival rate of COVID-19 by 20%. Suppose the supply and demand functions for widget-corn are: QD = 100 – 5P QS = 5P. P is the price in dollar and Q is the quantity in kilograms. Having confirmed the positive impact of widget-corn consumption on COVID-19 patients, the government has ordered widget-corn sellers to charge $5 per kilogram. Calculate the impact of the policy on the quantity of widget-corn supplied and demanded. Explain the impact of the policy consumer surplus, producer surplus, and total economic surplus. Is the outcome of the government’s policy efficient and, therefore, maintained or abandoned? Explain in detail.
- Indicate whether the statement is true or false, and justify your answer.At firms that do not provide health insurance, the wages of obese workers are lower than the wages of non-obese workers with similar levels of productivity.Indicate whether the statement is true or false, and justify your answer.A disease that has been eradicated necessarily imposes no welfare loss in the present. (Be sure to include at least one example disease to illustrate your explanation.)Suppose we allocate a fixed budget for tuberculosis screening between two alternatives: screening the population generally, which has a marginal cost per test of MCG and a marginal benefit of MBG additional cases detected per test, and screening in homeless shelters, with a corresponding MCS and MBS. Assume it is currently true that MBG/MCG < MBS/MCS. Understanding that MB decreases (increases) as quantity increases (decreases) and the reverse is true for MC, we can conclude that: a. too much screening is being done at homeless shelters relative to general screening. b. too much general screening is being done relative to screening at homeless shelters. c. the price of screening in homeless shelters is too high. d. the allocation is already optimal if there is a fixed budget because we can’t equate the ratios of marginal benefit and marginal cost. e. we can only make the allocation optimal if the prices can be changed