What is the supportive explanation that shows lockdown is the best decision have been made compared to not lockdown due to Covid-19 pandemic? Is there any contigency plans for lockdown need to be placed?

What is the supportive explanation that shows lockdown is the best decision have been made compared to not lockdown due to Covid-19 pandemic? Is there any contigency plans for lockdown need to be placed?

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter20: The Problem Of Adverse Selection Moral Hazard

Section: Chapter Questions

Problem 3MC

See similar textbooks

Related questions

Q: Explain the effect of Covic-19 pandemic in PH in their economics. Like parks, malls, and other…

A: COVID-19 has had an impact on the Philippines' economy and economic outlook, from GDP to national…

Q: Which of the following items may be used to provide insurability information? A. Police records B.…

A: The issue is associated with underwriting and the subject of insurance. It focuses on the techniques…

Q: If a large population of humans contains 50 cases of covid and the doubling time for infection is 2…

A: The objective of the question is to calculate the number of covid cases after 12 weeks given the…

Q: P22 1 2 3 4 5 6 7 8 。 9 10 11 Undo 12 13 14 15 A K 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Clipboard…

A: Perfect competition: A firm in the competitive market is a price taker because it has large number…

Q: 12. Market: Housing market Increase or Decrease: ROTTEN: Scenario: Wages paid to roofers and…

A: Demand Theory: The demand theory states that there are many factors that affect the demand for a…

Q: (a) Construct a relative frequency histogram for the ideal number of children. Choose the correct…

A: Histogram: A histogram is a graphical figure that represents the frequency distribution based on the…

Q: Consider the following competitive labour market. There are many identical firms that can hire…

A: In a competitive labor market, the equilibrium wage and employment level get determined at the…

Q: How has COVID-19 pandemic impacted each of these 5Es in the short term, medium term and long term

A: The 5Es of macroeconomic are: Productive efficiency Allocative efficiency Full employment Equity…

Q: d demand a

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

Q: Suppose a random sample of size 41 is selected from a population with a = 11. Find the value of the…

A: If the sample is chosen with replacement, the standard error is determined by dividing the…

Q: Is COVID 19 a threat or opportunity to regionalism in South east asian region?

A: The modern world is facing an imbalanced situation as it is passing through the stage of…

Q: Is president duterte military approach on the covid 19 pandemic in the country effective? Why or Why…

A: Covid-19 disrupted everyone's normal way of life and practice, not just in the Philippines, but all…

Q: How Covid-19 pandemic affected on the Turkish economy and what economic policy does in this process?

A: The Covid-19 pandemic has negatively affected the economy of Turkey. There is decline in supply and…

Q: When is the appropriate time to invest, Is it today or after pandemic? Why not? 2. Is is right to…

A: The investment measures is an aspect of the macroeconomic policy wherein the countries have…

Q: Three decision makers have assessed utilities for the problem whose payoff table appears below. s1…

A: a) Utility's functions plot for decision maker A is represented as:

Q: How do policy measures affect consumer prices during covid 19 Pandemic

A: Policy measures are actions that the government takes to stabilise the economy. The policies of a…

Q: Tom's technology is given by the following production function: m = x 1 1 4 4 Y If m represents his…

A: This production function is Cobb-Douglas production function. Now here we are calculating here…

Q: 2. What is the future worth of a series of equal yearly deposits of Php 100,000 for 8 years in a…

A: Thank you for the question. According to Bartleby's answering guidelines, we answer only one…

Q: For Pancreas Transplant, DRG code is 010. For DRG 010, Medicare pays fixed amount of $21,313.50.…

A: For Pancreas Transplant, the DRG code is 010. For DRG 010, Medicare pays a fixed amountof…

Q: The frequency of breakdown of a machine per month is shown in the table. The cost ofa breakdown is…

Q: this is data.. do this. dont need refernece of Q1 Data: 8 27 24 25 11 18 22 28 21 11

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Why is it important for decision-makers in a county council to take cost-effectiveness into account…

A: A cost-effectiveness analysis is a method of comparing a program's expenses to its major outputs or…

Q: For Pancreas Transplant, DRG code is 010. For DRG 010, Medicare pays fixed amount of $21,313.50.…

A: The objective of the question is to calculate the payment that Hospital A and Hospital B would…

Q: Graph A shows the market demand and supply in a perfectly competitive market. Graph B shows the cost…

A: Perfect competition refers to the situation where there are large number of prouder and consumers…

Q: What are the issue in Mexico country of their major challenges/ limitations of these affects in…

A: INTRODUCTION: Mexico faces significant challenges and limitations that affect its public health…

Q: The output demand curve slopes upward because of the negative effect of the real interest rate on…

A: 1. At any price level in any time, the aggregate demand curve reflects the total of consumption,…

Q: Ink Insert Draw Design Layout References Mailings Review View Help Table Design Layout 15. Market:…

A: The market supply curve of a commodity can shift as a result of a change in technology, government…

Q: Which of the following is INCORRECT about collusion-obstacles in international trading Number of…

A: Collusion refers to the process of cooperating the firms in international selling by one country to…

Q: (Industrial Unions) Review the logic underlying the exhibit below. Then determine the effect, on the…

A: “Since you have asked multiple question, we will solve the first question for you. If youwant any…

Q: For Pancreas Transplant, DRG code is 010. For DRG 010, Medicare pays fixed amount of $21,313.50.…

A: Payment is defined as the exchange of money, products, or services for goods and services in…

Q: Identify the impacts of covid 19 pandemic to the tourism industry in the National Capital Region.

A: Tourism industry includes hotels, restaurants, money changer, tour operators, handicraft shops of…

Q: How pandemic COVID 19 affected the global chain ?

A: When the COVID-19 epidemic hit the world, it revealed the vulnerability of global supply systems. It…

Q: In this time of pandemic, the demand of some products increased rapidly. Give examples of these…

A: The pandemic situation gave a sharp rise to demand for many goods relating to hygiene and protection…

Question

Expert Solution

Step 1

There are some supportive explanation in favor of lockdown during pandemic:

1.There is risk involved towards society and community.If there is no lockdown then for sometime economic activity will continue but later on disease may spread and cause further recessionary trend in economic activity.

2.If people follow lockdown guidelines properly then government can work on contingency plan and initiate it after lockdown.

Step by step

Solved in 2 steps

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Is it not lockdown due to Covid-19 Pandemic is a best decision for the nation and citizen compared to lockdown? Why?
How pandemic COVID 19 affected the global chain ?
For Pancreas Transplant, DRG code is 010. For DRG 010, Medicare pays fixed amountof $21,313.50. Outlier threshold for Medicare is $25,800. (a) John admitted hospital A for pancreas transplant. The charges for John’s treatment was 128,000. Cost to charge ratio for Hospital A was 0.10. How much payment hospital A would get from Medicare?
The frequency of breakdown of a machine per month is shown in the table. The cost ofa breakdown is $1,000 and the cost of preventive maintenance is $1,250 per month. Ifpreventive maintenance is performed, the probability of a machine breakdown is negligible. Should the manager use preventive maintenance, or would it be cheaper to repair themachine when it breaks down?Number of breakdowns 0 1 2 3Frequency of occurrence .20 .30 .40 .10
For Pancreas Transplant, DRG code is 010. For DRG 010, Medicare pays fixed amount of $21,313.50. Outlier threshold for Medicare is $25,800. (a) John admitted hospital A for pancreas transplant. The charges for John’s treatment was 128,000. Cost to charge ratio for Hospital A was 0.10. How much payment hospital A would get from Medicare? (b) Bryan admitted hospital B for pancreas transplant. The charges for Bryan’s treatment was same as John, $128,000, but cost to charge ratio for Hospital B was 0.25. How much payment hospital B would get from Medicare?
For Pancreas Transplant, DRG code is 010. For DRG 010, Medicare pays fixed amountof $21,313.50. Outlier threshold for Medicare is $25,800.(a) John admitted hospital A for pancreas transplant. The charges for John'streatment was 128,000. Cost to charge ratio for Hospital A was 0.10. How muchpayment hospital A would get from Medicare?(b) Bryan admitted hospital B for pancreas transplant. The charges for Bryan'streatment was same as John, $128,000, but cost to charge ratio for Hospital Bwas 0.25. How much payment hospital B would get from Medicare?
Is COVID 19 a threat or opportunity to regionalism in South east asian region?
Why is it important for decision-makers in a county council to take cost-effectiveness into account when making decisions tointroduce a new treatment in the county council?
Can you continue to the otherremaining please.Union of South American Nations (USAN)How these RO are affected and responded to the COVID 19 pandemic.
Write the report on any of the programme organision in your locality.
Please refernece attachment. See image below.
Is president duterte military approach on the covid 19 pandemic in the country effective? Why or Why not? please make it 1000 words thank you.