Microeconomics
Microeconomics
11th Edition
ISBN: 9781260507140
Author: David C. Colander
Publisher: McGraw Hill Education
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Chapter 23, Problem 11IP
To determine

Determine the policy recommendations.

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Read the following article and then answer the questions that follow: Without question, the most important positive action you can take to prevent illness and disease is exercise. Exercise prevents a long list of diseases that can cause chronic or severe illness, disability, and even death, including cancer, heart disease, stroke, high blood pressure, vascular disease, diabetes, obesity, and osteoporosis. Exercise also prevents mental health illness and disease disorders, including depression, anxiety, and stress. While some of these disease processes can be reversed with exercise and healthy life-style, some cannot. Preventing them from starting is the number one goal. The most negative lifestyle behaviour is smoking. Smoking contributes to the development of almost all diseases, notably cancer, heart disease, high blood pressure, high cholesterol, diabetes, and asthma. Smoking has the following negative health effects: lowers immunity, making you more likely to get bronchitis,…
Polly, Molly, and Dolly are all single mothers. They each can earn $10 per hour working for up to 2,000 hours per year. Their government runs a welfare system that gives income benefits of $5,000 per year for single mothers with no income. The welfare benefits are reduced by $1 for every $2 in earned income. Currently, the government also provides free health care for children of single mothers with less than $25,000 in income. Each mother values this benefit at $2,000 per year. Under this system, Polly works 200 hours per year, Molly works 1,025 hours per year, and Dolly works 1,500 hours, so only Polly receives welfare. b. Draw a representative indifference curve for each mother. Discuss how the welfare program changes the behavior of these three individuals. d. The government decides to remove the welfare lock by providing free low- quality public health care (Ho-$2,000) for everyone. If the individuals want to consumer health care more than Ho, they have to turn to private health…
Identify how different people and demographics have been affected by telehealth? Has the impact been proportional?
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