Vesta will live only for two periods. In period 0 she will earn $50,000. In period 1 she will retire on Latmos Hill and live on her savings. Her utility function is U(C0,C1) = C0C1, where C0 is consumption in period 0 ,and C1 is consumption in period 1 .She can borrow and lend at the interest rate i= 0.10. a) Write an expression for her consumption in period 0 as a function of the parameters specified. b) Having solved her utility maximization problem, suppose the interest rate rises .Will her period 0 consumption increase, decrease, or stay the same? Explain.

Sample questions for Econ 3308-W 2020

16. In your opinion, what are the effects of legalizing marijuana in Canada, on the Canadian economy and our healthcare system?

Sample questions for Econ 3308-W 2020

7. The lack of public prescription drug coverage in our health care system makes Canada an international outlier, and erodes access to critical medications – particularly for Canadians who aren’t covered by extended health insurance through their jobs. Millions of Canadians have to pay for prescription drugs out-of-pocket. And the evidence suggests one in ten Canadians are not filling prescriptions because of costs, including more than 26% of those without extended health insurance. Comment.

Sample questions for Econ 3308-W 2020

1. In the February 2018 spring budget, the federal government announced the creation of the Advisory Council on the Implementation of National Pharmacare, and by June 2018, the seven-member council was launched chaired by Eric Hoskins, MD. The final finding of the Advisory Council was published in June 2019. The report contains many proposals and 60 recommendations. Some of the highlights are listed below:

• we are recommending the federal government work with provincial and territorial governments and stakeholders to establish universal, single-payer, public pharmacare in Canada.
• We propose that the government enact national pharmacare through new legislation embodying the five fundamental principles in the Canada Health Act:

• Universal: all residents of Canada should have equal access to a national pharmacare system;
• Comprehensive: pharmacare should provide a broad range of safe, effective, evidence-based treatments;
• Accessible: access to prescription drugs should be based on medical need, not ability to pay;
• Portable: pharmacare benefits should be portable across provinces and territories when people travel or move; and
• Public: a national pharmacare system should be both publicly funded and administered.

• The National Pharmacare would start with the creation of a Canadian Drug Agency (preliminary funding for an agency was announced in the 2019 federal budget). Among the agency’s first tasks would be to create a national formulary.

1. What are the proposed timeline for these implementations and, what is the recommendation(s) for the creation of “National Formulary”.
2. Identify and explain three (out of 60) of the recommendations?
3. What was your criteria for choosing those three?
4. In your opinion, is there any subject or issue missing in this report? Could you explain?

Sample questions for Econ 3308-W 2020

1. Why should generic drugs matter to Canadians? Discuss the issue.

Sample questions for Econ 3308-W 2020

1. Canadians pay too much for generic drugs. Comment.

Consider the following one-shot Bertrand game. Two identical firms produce an identical
product at zero cost. The aggregate market demand curve is given by 6 − p , where p
is the price facing the consumers. The two firms simultaneously choose prices once.
Suppose further that the firm that charges the lower price gets the entire market and if
both charge the same price they share the market equally. Assume that prices can only
be quoted in integer units (only prices of 0, 1, 2, ... are allowed).
(a) Find the monopoly price. [5 marks]
(b) Find all the pure strategy Nash equilibria. [10 marks]
(c) Find that the set of prices that survive iterative elimination of weakly dominated
strategies. [20 marks]

What are: Strategies in Embryonic and Growth Industries?

1)

At the profit-maximizing level of output, for both a pure monopolist and a purely competitive firm, which of the following is true:

2)

Which of the following is not an example of why markets may not provide efficient outcomes:

3)

Discuss: Efficiency, Economies of Scale, and the Experience Curve

what is the responsibility to protect doctrine and the impact it has to aid in peacekeeping

Describe the process to attain the Reaction Curve (Response Function) of a dupolist. Also explain how a stable quantity in a duopolistic market is arrived at, with the help of a Reaction function.

In the open economy macroeconomic model which of the following is included in the demand for U.S. dollars in the market for foreign-currency?
(x) A retail outlet in Canada wants to buy computers from a U.S. computer manufacturer.
(y) ABC Securities, a U.S. stock brokerage, wants to purchase stock issued by a French corporation.
(z) A United States bank that has branch offices in Mexico and Canada loans dollars to Tom, a resident of the United States, who wants to purchase a new car that was made in the United States.
A. (x), (y) and (z) B. (x) and (y) only
C. (x) and (z) only D. (y) and (z) only
E. (x) only

In the open economy macroeconomic model, which of the following is included in the supply of U.S. dollars in the market for foreign-currency?
(x) Nebraska Life, a U.S. life insurance company, wants to buy a Japanese government bond.
(y) ABC Securities, a U.S. stock brokerage, wants to purchase stock issued by a French corporation.
(z) Tony, a U.S. citizen, wants to hold more currency in case of emergencies.
A. (x), (y) and (z) B. (x) and (y) only
C. (x) and (z) only D. (y) and (z) only
E. (x) only

Macroeconomics explanation question

Does deflation result in the unexpected redistribution of wealth between borrowers and lenders?

Write a paragraph to explain and support your answer.

What do you understand by the statement “For Australia to do really well, the rest of the world has to do well” – explain?