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Economics

1. What are the two components of the medical care price index?

2. How does disease impact our "production" or health?

3. How does our consumption of goods impact our production of health?

4. What is the impact of education on our health production function?

5. What are the three factors that have driven the increases in medical care costs?

6. How does the growth in the overall economy impact our expenditures on health care?

7. What impact does an increase in health care costs or demand have on the medical care price index? Is it possible for rising prices to also correspond with increased customer welfare? How?

8. Our level of health cannot be purchased in the market, how do we "produce" health and what are the assumptions regarding this production process?

9. What are the projected changes in our demographic distribution and how will this impact our health care expenditures?

10. Why is it difficult to compare the medical care price index with our conventional customer price index?

11. What are the biggest consumption related goods that impact our production of health and what impact do they have on society?

12. What impact does the law of diminishing marginal return have on technical change in the health care sector? What does this imply about our future returns from research and development in the health care sector?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91227040

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