1) EXPLAIN ONE way in which the Covid 19 pandemic produced unequal economic outcomes. 2) EXPLAIN ONE way in which the pandemic produced unequal health outcomes.

Q: If a wealthy person chooses to spend large sums of money to increase the probability of surviving an…

A: Fatal disease - disease that have high probability that the patient will die.

Q: Economists ___________ perform controlled experiments the way medical researchers can.

A: An experimental economics subfield looks at human behaviour in real-world situations instead of…

Q: Explain what is meant by the following sentence: “All Whole Life policies involve prefunding of…

A: Whole life insurance policies involve certain criteria that needs to be fulfilled by the consumer of…

Q: Suppose the government imposes a system of price ceilings in the health care industry as part of an…

A: The price ceiling is a legal maximum on the price at which goods can be sold.  Price ceiling can be…

Q: What has been the role of public health measures in improving the health status of the population?…

A: To safeguard the population's health, the government should impose stringent regulations. A healthy…

Q: Describe Grossman's Improvement Model of Health.  How does Grossman reconcile health as both…

A: In the Grossman model of health demand, we study the interaction between the demand function for…

Q: d demand a

A: During COVID-19, households might tend to cut their consumption in order to offset losses in income…

Q: Build and secure a market based economic intervention to address the social determinants of health.

A: Market based economic intervention for building health determinants would be to increase medical…

Q: Find evidence that can explain how the difference in educational attainment influences the health of…

A: Individuals with greater levels of education had better health outcomes than those with lower levels…

Q: Why economics is essential in addressing the health-related problem?

A: Economics is a diverse subject and is needed everywhere. The resources are limited and thus, proper…

Q: In what sense is the individual considered a “producer” of health in the Grossman model?

A: It is well said that unhealthy countries tend to be poor which means poor countries tend to be…

Q: Is the monopoly on patented pharmaceuticals warranted? What barrier to entry prevents the…

A: Reimportation refers to the importation of a good into an economic region or country that was…

Q: Give an example of supply and demand during the pandemic

A: The supply and the demand of the pandemic would result in the market forces of the demand and supply…

Q: Suppose that you graph nations' health expenditures against income and see that the US's point lies…

A: Health economics is essential because it investigates how stakeholders' and recipients' economic…

Q: The UN Committee on Economic, Social, and Cultural Rights (CESCR) is charged with interpreting the…

A: It qualifies individuals for a system of health security, including the anticipation, treatment and…

Q: That is the "triple aim" concept as applied to health care goals?

A: The provision of medical services and assistance to people and communities in order to preserve and…

Q: What have been some Economic consequences of a Pandemic?

A: A pandemic is the global spread of a newly discovered illness. The respiratory viral illnesses with…