Critically analyze the pros and cons of putting a price ceiling on prescription medicine. Make sure to use concepts from the chapter in this unit such as government intervention, inefficiencies, price elasticity, etc. in your answer.

1. In the first case, assume the medication is for a life threatening illness for which your child has been diagnosed.
2. In a second case, assume the medication is for an improved quality of life issue, such as achieving a healthy weight.
3. What are the impacts that the pharmaceutical company that makes the medications in question will experience? How will that affect the pharmaceutical company’s production decisions? What about its decisions to conduct further research into new drugs?

1. Explain four reasons why an organization may choose to develop cafeteria benefits plan for its employees. 2. Describe two issues that employers have to consider while providing domestic partner benefits? 3. Describe the three goals of voluntary protection programs (VPPs). 4. Explain the two roles of the supervisor in creating a safe work environment. 5. What seven steps would you recommend employers to deter terrorist attacks?

The following table shows how the private marginal benefit enjoyed by John, Mary, Loren, and all other consumers of outdoor rock concerts varies with the number made available by a city government per summer.

A. Derive the demand curve for rock concerts assuming an outdoor rock concert is a public good and graph the problem. Note: It is not necessary to derive demand using algebraic equations, this can be illustrated graphically.

B. If marginal cost of producing rock concerts is $1,000 no matter how many are produced, what is the efficient number of concerts to have each summer? What would be the efficient number of concerts to produce if the marginal cost of production were $425 instead of $1,000?

“The path of economic development is crucial to provide a better standard of living for the people in developing countries. Every nation strives for development. Economic and social progresses are essential components to provide basic needs and thus to secure a reasonable degree of financial security. Others, are less fortunate, have inadequate food and shelter” (Todaro and Smith, 2015, p. 2).

(a) Following the development of neoclassical counter-revolution and new growth theories, many developing countries have utilised various policies to achieve higher levels of growth. To what degree do you think modern economic growth has extended to developing countries? Support your answer with specific country examples.

(b) Many developing countries are still trapped in a phase of low development status. What factors are essential to achieve high economic growth? Discuss the conditions for generating and sustaining economic growth for long term development. Give specific country examples to support your views.

(c) Which policies are most crucial to address the problems of less developed countries?

Suppose an inflationary economy can be described by the following equations representing the goods and money markets:

C = 20 + 0.7Yd

M = 0.4Yd

I = 70 – 0.1r

T = 0.1Y

G = 100

X = 20

Ld = 389 + 0.7Y – 0.6r

Ls = 145

where G represents government expenditure, M is imports, X is exports, Y is national income, Yd is disposable income, T is government taxes (net of transfer payments), I is investment, r is the rate of interest, C is consumption, Ld is money demand, and Ls is money supply.

i) Use the inverse matrix method to solve for the equilibrium level of national income and the equilibrium rate of interest in this economy. (Note: ½ of the marks in this part are given for the correct set up of the equations. Explain what you are doing, including how equilibrium is established in each market.)

ii) Now use Cramer’s rule to find your answer.

1) Corporations are required to pay dividends.

a) True

b) False

2) A bond is an asset of the holder.

a) True

b) False

3) A bond represents part ownership in a company.

a) True

b) False

4) The government considers realized capital gains to be income.

a) True

b) False

Some people think price ceiling is not a good policy as it discriminates against people who
have a high opportunity cost of time and do not like to wait in lines. What do you think? Explain.

Ethics deals with morality and I would contend that capitalism is an amoral economic model!  (Amoral means without morals, neither good nor bad.)

What do you think about this statement? Please briefly comment.

What about other economic systems, say socialism? Do you have the same answer?

1. When the price of a good falls, we know exactly what will happen to consumer spending on that good. True or False? Explain.

2. Is the demand for hospital services inelastic or elastic? Explain.

3. Briefly explain why indifference curves cannot intersect.

4. If nurse practitioners and primary care physicians were perfect substitutes, what would you expect to be their wage differential?

5. Other things being equal, if the demand for physician services suddenly became more inelastic, how would that affect consumer surplus?

Keynes wrote in The General Theory: “If we speak frankly, we have to admit that our basis of knowledge for estimating the yield ten years hence of a railway, a copper mine, a textile factory … amounts to little and sometimes to nothing”

Keynes was not talking about periods of turmoil and crisis when it might be expected that accurate information would be hard to come by; in his view, a state of “near ignorance” was the normal state of affairs.

Discuss Keynes’ concept of “uncertain” knowledge and what it may imply for our ability to measure risk and to invest, both in financial assets as well as in “real” businesses.

Discuss the impact of tension between us and Iran
Also list down its implications for India
Background of problem how India getting impacted
Do you think full fledged war happen give reason for yes or no .India Will it act as a mediator b/w us and iran ?
Indian rupee current impact

SPORTS MARKETING

Explain why a monopolistic team can have positive profits in the long run, but perfectly competitive teams have zero profits in the long run.

&

What is the purpose of two-part pricing? Be specific.

Show the impact of expansionary fiscal policy on a graph and in words in the AD-AS model.

If the government continues to increase government spending even after the natural rate of employment is reached, what happens in the AD-AS model. Eventually, what is the price level and employment level.

“Changes in demand have different effects on profit over different time horizons (short run versus long run)”. Explain this phenomenon using an example of a demand increase or a demand decrease.

a) In your own words or using an example, describe each condition and its relevance for the three conditions for profitable price discrimination (1. have market power, 2. be able to identify submarkets, and 3. be able to separate submarkets).

b) Suppose a perfectly price-discriminating firm faces demand function:

? = 22 − ?

And has cost function: ? = 25 + 4? + (1 /2) ?^2

Identify the quantity he sells, the price(s) he charges, and the profits he attains. Also, solve for this firm’s quantity, price, and profit under uniform pricing. Verify that perfect price discrimination increases profit and total surplus relative to uniform pricing.