Ask Microeconomics Expert

Question 1

The relationship between the value and price of a stock suggests that:

the equilibrium price of a stock strikes a balance between those who think the stock is worth more and those who think it's worth less at the current price.

it is the market's best guess regarding the expected value of the company's future profits.

stocks are overvalued.

both A and B are true.

Question 2

The market for health care is characterized by which of the following?

dramatic increases in costs because of technological advances in medical care

a falling fraction of the total cost the consumers of health care actually pay

all of the above

significant third-party payments

Question 3

877_Increase in the demand for health care.png

Based on the exhibit and assuming that there are no third-party payers:

at price P2 there would be a surplus.

the equilibrium price and quantity are P3 and Q2.

A and B are true.

the total amount spent on health services is OP1AQ1 at price P1.

Question 4

What percentage of total health-care spending is paid by private and government insurance?

10

20

50

80

Question 5

In the mid 1960s, the percentage of total output the United States devoted to health care was about ________ percent.

10

2

6

13

Question 6

Which of the following would lead to an increase in the demand for health care?

The average population age increases.

Subsidies for Medicare are reduced.

Physicians' productivity increases.

Medicare subsidies are lowered.

Question 7

A firm owned by one individual is called a:

partnership.

sole proprietorship.

none of the above.

corporation.

Question 8

1630_Increase in the demand for health care1.png

Based on the exhibit, and assuming there are no third-party payers:

the total amount spent on health services is $80 million per week.

At a price of $20, there would be a surplus.

the equilibrium price and quantity are $60 and 3 million per week, respectively.

At a price of $60, there would be a shortage.

Question 9 Skip to question text.

Suppose insurance lowers the price consumers pay to P2. Compared to the situation without insurance, this would:

increase the quantity demanded to Q2.

have no effect on quantity demanded.

reduce the quantity demanded to Q1.

reduce the equilibrium price to P2.

Question 10

A persistent shortage may occur if:

a price floor is imposed.

all of the above occur.

the government imposes a price ceiling.

demand keeps falling.

 

 

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91363894
  • Price:- $10

Guranteed 24 Hours Delivery, In Price:- $10

Have any Question?


Related Questions in Microeconomics

Question show the market for cigarettes in equilibrium

Question: Show the market for cigarettes in equilibrium, assuming that there are no laws banning smoking in public. Label the equilibrium private market price and quantity as Pm and Qm. Add whatever is needed to the mode ...

Question recycling is a relatively inexpensive solution to

Question: Recycling is a relatively inexpensive solution to much of the environmental contamination from plastics, glass, and other waste materials. Is it a sound policy to make it mandatory for everybody to recycle? The ...

Question consider two ways of protecting elephants from

Question: Consider two ways of protecting elephants from poachers in African countries. In one approach, the government sets up enormous national parks that have sufficient habitat for elephants to thrive and forbids all ...

Question suppose you want to put a dollar value on the

Question: Suppose you want to put a dollar value on the external costs of carbon emissions from a power plant. What information or data would you obtain to measure the external [not social] cost? The response must be typ ...

Question in the tradeoff between economic output and

Question: In the tradeoff between economic output and environmental protection, what do the combinations on the protection possibility curve represent? The response must be typed, single spaced, must be in times new roma ...

Question consider the case of global environmental problems

Question: Consider the case of global environmental problems that spill across international borders as a prisoner's dilemma of the sort studied in Monopolistic Competition and Oligopoly. Say that there are two countries ...

Question consider two approaches to reducing emissions of

Question: Consider two approaches to reducing emissions of CO2 into the environment from manufacturing industries in the United States. In the first approach, the U.S. government makes it a policy to use only predetermin ...

Question the state of colorado requires oil and gas

Question: The state of Colorado requires oil and gas companies who use fracking techniques to return the land to its original condition after the oil and gas extractions. Table 12.9 shows the total cost and total benefit ...

Question suppose a city releases 16 million gallons of raw

Question: Suppose a city releases 16 million gallons of raw sewage into a nearby lake. Table shows the total costs of cleaning up the sewage to different levels, together with the total benefits of doing so. (Benefits in ...

Question four firms called elm maple oak and cherry produce

Question: Four firms called Elm, Maple, Oak, and Cherry, produce wooden chairs. However, they also produce a great deal of garbage (a mixture of glue, varnish, sandpaper, and wood scraps). The first row of Table 12.6 sho ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As