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Discuss the salient features of French healthcare system. Could the U.S. replicate any part of the system? Elaborate.
Do you believe the U.S. heathcare system is efficient? Why or why not?
Business Economics, Economics
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According to the Law of Diminishing Marginal Utility, the consumer will receive less satisfaction when they consume additional units of goods and services. Explain 3 ways how the firm can influence the consumer purchasin ...
Do you think that the taxicab industry in large cities would be subject to significant economies of scale? Why or why not?
An article in The Wall Street Journal noted that an" increase in the price of crude oil quickly reduces demand for oil". Do you agree with this statement? Briefly explain.
If 63 tickets are sold and 2 prizes are to be awarded, find the probability that one person will win 2 prizes if that person buys 2 tickets. Use a graphing calculator and round the answer to six decimal places. P(win bot ...
1. Government spending fluctuates less than spending by households and spending by firms on investment. Explain. 2. In countries with well-developed tax collection and welfare systems, there are automatic stabilisers tha ...
Suppose the cross-price elasticity of demand between goods X and Y is -4. How much would the price of good Y have to change in order to change the consumption of good X by 10 percent?
The number of phone calls that arrive at a phone exchange is often modeled as a Poisson random variable. Assume that on average there are 7 calls per hour. Show all work. a) Find the probability that there are exactly f ...
After paying $1.50, you are allowed to open a newspaper vending machine freely (i.e. get as many as you want). In contrast, a soft drink vending machine only drops one can after you pay the same amount of money. Why? Ple ...
In Australia, the overall five-year survival rate for breast cancer in females is 90%. A random sample of 420 breast cancer patients in a rural region was randomly selected and followed up after 5 years. The results show ...
A box contains n white and m black balls. One ball is added randomly, white with probability p and black with probability 1 - p. Then a random ball is taken out from the box. (a) Find the probability that the taken ball ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
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