Licensure of physicians means that to some extent, the supply of physicians can be viewed as a vertical line. Explain what this means for the price of physician services. Which factors might change the shape and position of the supply curve for physicians over time? What is the difference between a doctor, a physician’s assistant, a nurse practitioner and an RN? How has the creation of these new healthcare providers affected the demand and supply for health care?

4. Explain what is MEDICARE.

5. Identify the 15 health dimensions of the Health–Related Quality of Life Index. No need to explain.

6. Differentiate Mortality Rate vs. Morbidity Rate.

-Discuss the globalization of the US economy.

-Explain the role of price as a free market regulator.

-theoretically the market is an automatic, competitive, self regulating mechanism which provides for the maximum consumer welfare and which best regulates the use of the factors of production. Explain

-Enumerate the ways in which a nation can overcome an unfavorable balance of trade.

-Support or refute each of the various arguments commonly use in support of tariffs.

-Does widespread unemployment change the economic logic of protectionism?

-Review the economic effects of major trade imbalances such as those caused by petroleum imports.

- Discuss the main provisions of the omnibus Trade and competitiveness Act of 1988.

-The Tokyo Round of GATT emphasized the reduction of non tariff barriers. How does the Uruguay Round differ?

-Discuss the evolution of world trade that led to the formation of the WTO.

An oligopoly firm faces a kinked demand curve with the two segments given by: P = 230 – 0.5Q and    P = 280 – 1.5Q. The firm currently has a constant marginal cost, MC of $150.

1. State the assumptions of the kinked demand model in terms of price-matching and elasticity.

2. Determine the quantity and price at the kink.

3. Calculate how much higher the marginal cost must be before the firms would change the profit-maximizing output and therefore the price.

List and describe two long term impacts for Congo due to Belgian occupation, as stated or implied by the documentary. These long term impacts can stretch far past WW I in terms of textbook reading, so stick simply with what you see in the documentary and what reason could logically deduce.

What differentiates a team from a group? Why is this distinction an important one?

300 words.

44. Diminishing marginal product of labor implies that the

Group of answer choices

total cost of output is increasing at a decreasing rate.

marginal cost of an extra unit of output is decreasing.

total product of labor is decreasing at an increasing rate.

marginal cost of an extra unit of output is increasing.

total cost is increasing at a decreasing rate.

34. Suppose that to start up his own firm, Bob quits a $50,000/year job, withdraws $40,000 from his bank account (yielding 5% interest per year) and rents space from a real estate firm for $18,000 per year. In addition, if Bob annually spends $200,000 on employees, $2,000 on kringle, $150,000 on manufacturing equipment, $125,000 on raw materials, $10,000 on office supplies and $25,000 on employee benefits, then Bob’s annual implicit costs are _____ and his annual explicit costs are _____.

Group of answer choices

$50,000, $570,000.

$52,000, $512,000.

$52,000, $530,000.

$52,000, $570,000.

$90,000, $512,000.

24. If a firm’s explicit costs are $5,000, its implicit costs are $2,500, and its total revenue is $8,500, then its _____ profit is _____.

Group of answer choices

accounting, $1,000.

economic, $1,000.

economic, $3,500.

accounting, $6,000.

economic, $6,000.

4. Suppose that the demand for cheese hats is relatively inelastic and the supply of cheese hats is relatively elastic. If a $5 excise tax is imposed on the production of cheese hats, then the price consumers pay will

Group of answer choices

increase by more than $5.

increase by less than $2.50.

increase by more than $2.50 but less than $5.

increase by exactly $5.

not change because producers will pay the entire tax.

63. A bundle (X*,Y*) maximizes Ned’s utility if (X*,Y*) exhausts his income and satisfies the condition

Group of answer choices

MU_X = MU_Y.

MU_X/P_X = MU_Y/P_Y

MU_X/P_X = 0 = MU_Y/P_Y.

MU_X⋅P_X = MU_Y⋅P_Y.

MU_X/P_X < MU_Y/P_Y.

What is distinctive about institutional economics? How is Douglass North representative of this school of thought?

A-Design Inc., a federally incorporated company in Canada and
specialized in the design and management of armrests for the
wheelchairs planned to produce and sell 15,000 armrests at $ 50
the unit in its first year of operation and also projected $ 20,000 for the
advertising, $ 100,000 for electricity costs, $ 240,000 for salaries,
$ 300,000 for production materials, $ 20,000 for overheads,
$ 24,000 for rent and $ 10,000 for depreciation. A-Design has a debt of
$ 100,000 at a simple annual interest rate of 5% and a 25% tax.

1. Produce a table of the different costs of A-Design with their classification.
2. Generate A-Design's income statement at the end of the first year and determine this year's operating profit, pre-tax profit, and net profit.
3. On December 31, 2017, A-Design had the following financial information: $ 320000 in cash, $ 100,000 in inventory, $ 580000 in equipment, $ 500,000 in bank loan, $ 300,000 in accounts payable and $ 100,000 in cash. other liabilities. Produce the report of A-Design Inc. of the year 2017.
4. For the month of January 2016, A-Design Inc. reported in its journal the following financial data: $ 100,000 in sales, $ 10,000 loan, $ 2,000 rent, $ 75,000 in production materials, $ 2,000 in advertising , $ 20,000 of salary and $ 10,000 of electricity. Generate A-Design Cash Flow Statement for January 2016.

• Why are there so many competing perspectives and interpretations in the study of political science?

outline the technique of cost benefit analysis and discuss how it can be used to inform decision making in the public sector

Describe how the savings decision can be thought of as a trade-off between current and future consumption. In that context, the price of future consumption is one over one plus the interest rate. Using this logic, explain why savings might rise when the interest rate rises. What is the precautionary model of savings? How might that model predict the opposite effect on savings when interest rates rise.Describe how the savings decision can be thought of as a trade-off between current and future consumption. In that context, the price of future consumption is one over one plus the interest rate. Using this logic, explain why savings might rise when the interest rate rises. What is the precautionary model of savings? How might that model predict the opposite effect on savings when interest rates rise.