If members of the population The expected cost of healthcare is $ to pay the expected cost of healthcare with certainty, rather than take on the 2% risk of having to pay the full cost of the treatment, they are risk averse.

Q: In a global economy, economic issues that affect members of the global community impact us all.  In…

A: Numerous individuals believe that the global economy is constrained by legislatures of the biggest…

Q: do you think the possession of marijuana should be decriminalized?

A: As many states are decriminalizing the possession of limited amount of marijuana for medicinal…

Q: If bribery is common in a particular country, what effect will it have on the nations economy and…

A: Bribery: It means the act of offering money or any valuable thing for persuading them to do…

Q: Paying for snekers using a credit card is an example of a person borrowing

A: Income and expenditure do not remain the same over the time period. Over the time period, the income…

Q: Did you work from home during the pandemic? If so, did you miss your place of work, or do you prefer…

A: The pandemic has adversely affected the health of the people round the world. Not only the physical…

Q: Define conditions and warranties and distinguish between both under the relevant provision of Sale…

A: In an economy, different acts are made by the regulating authorities to distinguish the market…

Q: SARAH makes $43,000 per year, is single, and lives in Connecticut. She has $19,000 in Direct…

A: Sarah is earning an income of $43000 per year. She has subsidized and unsubsidized loans of…

Q: Businesses that are privatized are owned by

A: Privatization is the process of transferring ownership of a business, enterprise, agency, public…

Q: Is childcare provided in Spain or is it subsidized by the government?

A: Spain is one of the developed countries in the world with high nominal GDP, high life expectancy,…

Q: how did cannabis legalization affect market demand?

A: Cannabis is a kind of marijuana, which is an addictive drug used for various medical purpose. It is…

Q: Does government regulations is necessary in an economy. Describe it in a proper way.

A: In its widest meaning, regulation refers to the process through which the government imposes rules…

Q: ow poorly regulated markets can cause harm to third parties not involved in exchange?

A: The economic condition described by the inefficient distribution of products and services in the…

Q: What are concerns that some people have with the use of consumer decision nudges by governments?

A: The study of consumer behavior explains how individuals choose what products and services to buy,…

Q: What is trade dress? Explain how it is similar to and/or different from a trademark, including…

A: Trade is an activity in which the parties exchange goods an services.

Q: antity theory

A: The quantity theory of money establishes the direct and proportionate relationship between the money…

Q: What is underemployment

A: Underemployment is the measurement of the economy's jobs and labor efficiency. It explores how…

Q: Who benefits from FDI?

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…