by Dan | Aug 23, 2023 | economics
You are a member of a presidential commission appointed to consider a mandatory national health insurance plan, and the question of how to fund the plan is being discussed. Specifically, three distinct funding mechanisms are being considered to cover the...
by Dan | Aug 23, 2023 | economics
“Bring It Home” description covers organic produce and raises questions that explore why organic produce is more expensive than its conventional, non-organic counterparts, which seems counterintuitive since organic uses less chemicals and does not travel as far...
by Dan | Aug 23, 2023 | economics
U.S. health care spending grew 3.6 percent in 2013, reaching $2.9 trillion or $9,255 per person. As a share of the nation’s Gross Domestic Product, health spending accounted for 17.4 percent. Using the above information and other information you will be directed...
by Dan | Aug 21, 2023 | economics
Introduction What effects do changes in supply and demand have on equilibrium price and quantity? Suppose that the supply of some good (for example, health care) is constant and demand increases. As a result, the new intersection of the supply and demand curves...
by Dan | Aug 21, 2023 | economics
Since the Affordable Care Act became the law of the land, there has been much written concerning its ongoing economic impact on our nation’s economy. There have also been many sound reports that few of the benchmarks set for it have ever been...
by Dan | Aug 21, 2023 | economics
Adam Smith’s Invisible Hand. This concept explains how a market will provide incentives for individuals to look out for the well-being of others while also acting in their self-interest. In this discussion, your task is to: Put yourself in the shoes of an entrepreneur...
