(Answered) 1 economics - is the study of the forces between supply and

Economics

1. Economics - is the study of the forces between supply and demand and the impact they have on allocation of scarce resources. Economics can be subdivided into two categories one is microeconomics and the second category is macroeconomics.

a) Microeconomics - looks at the behaviors of businesses, consumers, government, etc.
b) Macroeconomics - looks at the impact of inflation, industrial production, unemployment, etc.

1. Demand - the amount of product that a buyer is willing and able to buy at a specified price.

2. Variability - the extent of random changes over time.

3. Supply - the amount of product that a producer is willing and able to sell at a specified price.

Select three terms from this week's readings and discuss how these terms compare to each other in the world of health care economics. Some examples of terms are resources, quality,technology, and costs.

Write a 750- to 1,050-word paper that is a comprehensive comparison of these terms.

Format your paper consistent with APA guidelines.

View complete question

Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M91970821
Price:- $40

Verified Expert

Priced at $80 Now at $40, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Macroeconomics

Question - suppose the demand curve for a product is given

Question - Suppose the demand curve for a product is given by Q = 19 - 1P + 2Ps Where P is the price of the product and Ps is the price of a substitute good. The price of the substitute good is $2.40. Suppose P = 0.60. W ...

Question suppose that a city operates two neighborhood

Question: Suppose that a city operates two neighborhood schools, one in the rich neighborhood and one in the poor neighborhood. The schools are equal in size and currently have equal budgets. The city receives $10 millio ...

Question draw a long run average cost and marginal cost

Question: Draw a long run average cost and marginal cost curve for a business and explain why they have this shape. - Also on the graph show a P1 that is very profitable for this firm and the Q1 associated with this P1. ...

Question firm 1 must decide whether to enter an industry in

Question: Firm 1 must decide whether to enter an industry in which firm 2 is an incumbent. To enter this industry, firm 1 must choose to build either a plant with a small output capacity (S), or large output capacity (L) ...

Question - suppose you are drawing cards out of a 30 card

Question - Suppose you are drawing cards out of a 30 card deck. The following table reports the value of each type of card and the frequency of each type. Value Frequency 1 6 2 7 3 6 4 3 5 8 Are the card values discrete ...

Question prehistory no names or dates here the key

Question: Prehistory. No names or dates here. The key questions are how early human groups supported themselves; what kind of social, economic, and political institutions they developed to manage the resources of their e ...

Assignment -part 1 -brief description of the company - name

Assignment - PART 1 - BRIEF DESCRIPTION OF THE COMPANY - Name of your company and ASX code Why did you chose this company What do you know about this company Number of shares purchased (show calculations) Total amount of ...

Question - a relatively new aspect to the marketplaces of a

Question - A relatively new aspect to the marketplaces of a number of cities worldwide is something called the sharing economy, in which people rent assets such as cars and rooms directly from each other. Also called a p ...

Question - the statutes of the recently established

Question - The statutes of the recently established European Central Bank (ECB) state that its primary objective is to maintain price stability. How does this charter differ from that of the Fed? What significance does i ...

Question positions on whether the constitution should be

Question: Positions on whether the Constitution should be amended to require a balanced budget reflect opposing views about whether such an amendment would be an appropriate solution to the problem of persistent federal ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Macroeconomics Expert