Question

In: Economics

4. A 2017 study showing that the proportion of peoplewith health insurance is higher among...

4. A 2017 study showing that the proportion of people with health insurance is higher among people with higher income

a. is an example of positive economics.

b. is an example of normative economics.

c. is an example of qualitative economics.

d. is an example of Australian economics.

5. A study arguing that the United States should adopt a single-payer health system

a. is an example of positive economics.

b. is an example of normative economics.

c. is an example of qualitative economics.

d. is an example of Australian economics.

6. Compared to Canada, France, Germany, Switzerland, and the United Kingdom, the United States

a. had the highest spending per person and the shortest life expectancy in 2016.

b. had the lowest spending per person and the shortest life expectancy in 2016.

c. had the lowest spending per person and the longest life expectancy in 2016.

d. had the highest spending per person and the longest life expectancy in 2016.

7. Rational decision making involves

a. choosing the cheapest option.

b. choosing the highest-quality option.

c. choosing the option that best helps you realize your goals, given your resources.

d.avoiding choices that involve scarce resources.

Solutions

Expert Solution

4.

Ans: a. is an example of positive economics.

5.

Ans: b. is an example of normative economics.

6.

Ans: a. had the highest spending per person and the shortest life expectancy in 2016.

7.

Ans: c. choosing the option that best helps you realize your goals, given your resources.


Related Solutions

Should everyone who pays into insurance risk pools be forced to pay higher health insurance premiums...
Should everyone who pays into insurance risk pools be forced to pay higher health insurance premiums to cover the costs of the uninsured when they become seriously ill? Is this situation fair, especially when the higher premiums lead to the insured becoming underinsured? What values are making the legislation mandating universal health coverage controversial in the United States? This is for a discussio post. Please provide 125 words in your response. Thanks in advance.
Health insurance companies offer polices that strike a balance among three objectives: consumption smoothing for insurance...
Health insurance companies offer polices that strike a balance among three objectives: consumption smoothing for insurance purchasers, reduce incentives for overuse of medical services (moral hazard restraint), and guard against adverse selection. Explain consumption smoothing, moral hazard and adverse selection.
Among the benefits offered by corporations, at least in the United States, is health insurance. One...
Among the benefits offered by corporations, at least in the United States, is health insurance. One explanation for why corporations offer such insurance is that this benefit is tax favored: Companies can compensate employees with health-insurance benefits that are treated as nontaxable income. Also, health care providers and insurers (such as Blue Shield) have historically offered better rates to employers for their employees than to individuals who ask for the same coverage. Why is this?
Roughly what proportion of the American population has no health insurance? What is the typical income...
Roughly what proportion of the American population has no health insurance? What is the typical income level of this population?
A researcher would like to determine if the proportion of households without health insurance coverage differs...
A researcher would like to determine if the proportion of households without health insurance coverage differs with household income. Suppose the following data were collected from 700 randomly selected households. Complete parts a through c. Health Insurance Household Income Yes No Less than $25,000 52 23 $25,000 to $49,999 143 41 $50,000 to $74,999 200 37 $75,000 or more 180 24 a. Using α=0.01, perform a​ chi-square test to determine if the proportion of households without health insurance differs by...
A researcher would like to determine if the proportion of households without health insurance coverage differs...
A researcher would like to determine if the proportion of households without health insurance coverage differs with household income. Suppose the following data were collected from 700 randomly selected households. Complete parts a through c. Household_Income   Yes   No Less_than_25,000 53 20 25,000_to_49,999 143 41 50,000_to_74,999 205 37 75,000_or_more 174 27 a. Using alpha= ​0.01, perform a​ chi-square test to determine if the proportion of households without health insurance differs by income bracket. What is the test statistic? What is the...
A researcher would like to determine if the proportion of households without health insurance coverage differs...
A researcher would like to determine if the proportion of households without health insurance coverage differs with household income. Suppose the following data were collected from 700 randomly selected households. Complete parts a through c. Heath Insurance    Household Income Yes No Less than​ $25,000 50 20 ​$25,000 to​ $49,999 141 44 ​$50,000 to​ $74,999 201 35 ​$75,000 or more 179 30 a. Using alphaαequals=​0.01, perform a​ chi-square test to determine if the proportion of households without health insurance differs...
I report the proportion of people who have health insurance at PCC with the following confidence...
I report the proportion of people who have health insurance at PCC with the following confidence interval, based on a survey of 200 randomly selected PCC students: 0.753 < p < 0.847. a. How many people surveyed reported that they had health insurance? b. At what confidence level was this interval found?
A researcher would like to determine if the proportion of households without health insurance coverage differs...
A researcher would like to determine if the proportion of households without health insurance coverage differs with household income. Suppose the following data were collected from 700700 randomly selected households. Complete parts a through c. Heath Insurance    Household Income Yes No Less than​ $25,000 55 22 ​$25,000 to​ $49,999 145 40 ​$50,000 to​ $74,999 201 40 ​$75,000 or more 177 20 a. Using alphaαequals=​0.01, perform a​ chi-square test to determine if the proportion of households without health insurance differs...
4. A study was conducted to determine the proportion of people who dream in black and...
4. A study was conducted to determine the proportion of people who dream in black and white instead of color. Among 322 people over the age of​ 55, 75 dream in black and​ white, and among 281 people under the age of​ 25, 19 dream in black and white. Use a 0.05 significance level to test the claim that the proportion of people over 55 who dream in black and white is greater than the proportion for those under 25....
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT