The Consumer Act of the Philippines or also known as RA 7394 is a law embodies the state policy on the protection of consumers and establishes standards of conduct for business and industry in the country. It is also undeniable that consumer products related injuries are gradually increasing each year as the society prospers. As a consumer, how can you contribute to alleviate consumer products related injuries and help the government avoid unethical consumption and production? Back up your claims with realistic examples.

Q: Question 4) From the standpoint of the Federal government (or health insurer's) annual budget which…

A: Budget: It refers to the plan done by the government where the estimations of revenues and expenses…

Q: Assume that a "bundle" of health care goods is indexed to $100 in 1950, and a "bundle" of all goods…

A: Given index of bundle of all goods in 1950 = 100 $ Growth rate of general CPI = 4.2 %

Q: From California to New York, legislative bodies across the United States are considering eliminating…

A: Nonpecuniary cost:Nonpecuniary cost refers to the cost of something that cannot be measured in…

Q: explain the major social and economic costs of insurance

A: A. indemnification of loss is one of the benefits which are provided by insurance to the society as…

Q: Which of the following is not a cause for the director of insurance to receive a producer’s license?…

A: Insurances are contracts that provide compensation against the losses that are mentioned in the…

Q: Consider the market for used motor bikes. Buyers want and are willing to pay as much as $5,000 for a…

A: The minimum percentage of high-quality bikes needed for the market to persist, we need to consider…

Q: Which of the following statements is correct about a business income coverage form?   it must be…

A: Business income coverage form is a type of an insurance policy.

Q: Service quality begins with people. All of our measurements to detect nonconformance do not produce…

A: Understanding Deming's 14-Point Program involves a comprehensive review of W. Edwards Deming's…

Q: explore sexual harassement in the workplace: 1) Specifically identify the ethical problem 2)…

A: 1.Sexual harassment is against ethics.All the employees and employers should follow ethical…

Q: 9. Which of the following is most likely a disadvantage of focus group interviewing? * Focus group…

A: A focus group interview is a qualitative research method that involves a small group of people…

Q: 4. Depending on whether there is an over-consumption or under-consumption, the government could…

A: Underconsumption refers to a situation in which the quantity of a good or service consumed is less…

Q: Make a simple statement (Which do you think among the 3 ethical theories fits in a business…

A: Ethics of Utilitarianism Utilitarianism, the first ethical paradigm in normative ethics, is commonly…

Q: Suppose an insurance company wants to charge a very healthy individual a premium of $1,200 a year…

A: The number of reports should the company request (X) can be calculated by using the following…

Q: Questions 1.    Even though Professor Ramirez deviated from the college’s policy regarding…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: What are the advantages and disadvantages of this proposed bill? Remember to respond to 2 other…

A: Public economics' primary area of study is how the government affects the economy. Economists that…

Q: seventy-five percent of total costs of medicare part b are paid by federal general revenue and 25%…

A: This question asked us to calculate the medical loss ratio of this insurance plan based on the given…

Q: The Uniform Commercial Code contains both remedies for express and varranties. 1) True 2) False

A: Numerous organizations are associated with a lot of goods, or versatile property. Products are…

Q: The opioid addiction crisis and its sequelae represent one of the worst problems to surface in the…

A: Therefore, we can say Population health differs from personal health b) as it focuses more on health…

Q: QUESTION 29 Which of the following help to correct for the market failure of imperfect information?…

A: "Since you have posted multiple questions, the answer to the first one will be provided as per the…

Q: Alongside rising premiums, some towns face higher deductibles, and the removal of some coverage,…

A: Answer -

Q: he Australian households are suffering from increased household energy expenditure. Therefore, the…

A: Economic efficiency refers to a state in which all resources are optimally allocated to best serve…

Q: Cherry-picking and redlining of benefits in the private insurance industry, quantity setting…

A: Cherry-picking and red-lining of benefits in the private insurance industry is an action of choosing…

Q: What would be the highest price (premium) that she would be willing to pay for an insurance policy…

A: To find the highest price (premium) that Priyanka would be willing to pay for an insurance policy…

Q: Refer to Case 5: New Belgium Brewing: Ethical and Environmental Responsibility You are asked to…

A: When it comes to marketing products with an emphasis on sustainability, businesses frequently…

Q: From the point of view of economic security, do you think we should privatize the Medical Center?…

A: Privatization may imply many things, like moving from the public sector to the private sector. It…

Q: e four labels provider of care, producer of care, health care regulator, and…

A: It can be defined as an organization or can be said as a system in a country or group of people. The…

Q: Social insurance:           is not found in the U.S.     would most likely provide more extensive…

A: Social insurance is a system of protection that uses public funds to provide benefits to individuals…

Q: Describe and explain the reforms that have been recommended to enhance the capacity of higher…

A: This question is asking about three different topics. The first part is asking about the reforms…

Q: Why do insurance companies have to charge such a high premium, which limits the number of consumers…

A: Externality:It is an economic problem when people take benefit from the economic goods. It is…

Q: 1) What are the elements of the managed competition model? What do you see as the advantages and…

A: 1. It is a health-care delivery hypothesis that asserts that if autonomous groups competed for…

Q: Zoning laws are intended to: A) Regulate land use within urban areas B) Promote unrestricted…

A: Zoning laws are designed to control how land is used and developed in specific areas, ensuring that…

Q: holds. is the quantity other goods" and F is the quantity of food purchased. Using the vertical axis…

A: A budget line is a graphical representation of the possible combinations of two things that a…

Q: PROBLEM 1. Chronic healthcare workforce shortage – PH # 1 exporter of nurses, and the number 2…

A: The healthcare workforce refers to the professionals who provide healthcare services to patients,…

Q: Many medical and hospital services in Canada are provided at zero direct cost to all Canadians and…

A: "As mentioned, solution to part b is provided."The marginal approach is adopted to signify the…

Q: There is ongoing debate among U.S. policymakers whether the role the government in the healthcare…

A: Economic studies in medicine involve resource allocation and utilization to optimise medical…

Q: The VHS rental market, lead primarily by Blockbuster for decades, has largely been decimated by…

A: Economic theories of innovation analyses the technology factor and its impact on economic growth.

Q: TRUE/FALSE Questions 1. The cost of ensuring that the production process conforms to specifications…

A: Hi! Thank you for the question, As per the honour code, we are allowed to answer three sub-parts at…

Q: Question 60 options :   What is the best way for governments to intervene to prevent moral hazard ?…

A: Moral hazard is a type of market failure. Presence of moral hazard leads to the creation of market…