Questions about chapters in the book

Q1: Define price ceiling and price floor and give an example of each. Which leads to a shortage? Which leads to a surplus? Why? [2.5 Marks] Q2: Export or Import, what is the option available for a nation if it has a comparative advantage in the production of...

ECON201

Assignment 1 Questions: Week 1, 2 & 3 Q1: Define price ceiling and price floor and give an example of each. Which leads to a shortage? Which leads to a surplus? Why?[2.5 Marks] Q2: Export or Import, what is the option available for a nation if it has a comparative...

Reimbursement

Healthcare economics are affected by the push and pull of three participants: the payer, the provider, and the consumer. Consider this example: You work full time for your employer who provides vision insurance as a benefit. Your contribution is $5 a month or $60 a...

Economics discussion question

Explain a situation you have observed (or read about) in which a firm made a decision considering irrelevant costs or did not consider relevant costs. What was the outcome of the decision, and what could have been done differently?

Economics discussion

Question 1 Prompt: Read “YOU’RE THE ECONOMIST: Should the Fed Be Independent?” in Chapter 24. What is the most important function of the Fed? Make an argument why an independent Fed would do a better job at performing its number one role. Make an argument why a Fed...