MICROECONOMICS-ACCESS CARD <CUSTOM>
11th Edition
ISBN: 9781266285097
Author: Colander
Publisher: MCG CUSTOM
expand_more
expand_more
format_list_bulleted
Question
Chapter 23, Problem 11IP
To determine
Determine the policy recommendations.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
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?
Chapter 23 Solutions
MICROECONOMICS-ACCESS CARD <CUSTOM>
Ch. 23.1 - Prob. 1QCh. 23.1 - Prob. 2QCh. 23.1 - Prob. 3QCh. 23.1 - Prob. 4QCh. 23.1 - Prob. 5QCh. 23.1 - Prob. 6QCh. 23.1 - Prob. 7QCh. 23.1 - Prob. 8QCh. 23.1 - Prob. 9QCh. 23.1 - Prob. 10Q
Ch. 23 - Prob. 1QECh. 23 - Prob. 2QECh. 23 - Prob. 3QECh. 23 - Prob. 4QECh. 23 - Prob. 5QECh. 23 - Prob. 6QECh. 23 - Prob. 7QECh. 23 - Prob. 8QECh. 23 - Prob. 9QECh. 23 - Prob. 10QECh. 23 - Prob. 11QECh. 23 - Prob. 12QECh. 23 - Prob. 13QECh. 23 - Prob. 14QECh. 23 - Prob. 15QECh. 23 - Prob. 1QAPCh. 23 - Prob. 2QAPCh. 23 - Prob. 3QAPCh. 23 - Prob. 4QAPCh. 23 - Prob. 5QAPCh. 23 - Prob. 1IPCh. 23 - Prob. 2IPCh. 23 - Prob. 3IPCh. 23 - Prob. 4IPCh. 23 - Prob. 5IPCh. 23 - Prob. 6IPCh. 23 - Prob. 7IPCh. 23 - Prob. 8IPCh. 23 - Prob. 9IPCh. 23 - Prob. 10IPCh. 23 - Prob. 11IP
Knowledge Booster
Similar questions
- The theory of distributive justice that I found to be the most convincing was the Utilitarianism theory. In current times there is a large amount of economic inequality. It states in the textbook, "The top 0.1 percent of American families owns 22 percent of the nation’s wealth–exactly the same share as the bottom 90 percent" (Shaw, 2017, p. 85). The Utilitarianism theory believes that there should be a greater equality of income. They believe that if there was a more equal distribution of income, then the happiness of that population would vastly increase. The textbook mentions that countries that have a more equal distribution of income tend to have lower rates of infant mortality, life expectancy, malnutrition, obesity, teenage pregnancy, economic insecurity, personal anxiety, and other measures, in comparison to countries that have a larger income inequality, such as the United States (Shaw, 2017, p. 92). It is even believed that income equality can promote economic growth (Shaw,…arrow_forwardHow is the social status and income of a consumer predisposes an individual to better health? (please do not copy answers on the internet, thank you)arrow_forwardShould the government require employers to allow workers to take time off for the care of a sick family member?arrow_forward
- 3rd party payments often cause the cost of health care to go down does third party payments to cover medical costs bring the price of medical services up?arrow_forwardDiscuss the kind of pressure the Health Maintenance Organizations (HMO) exerted on the price of drugs.arrow_forwardAssume that the government decides to subsidize the price of healthcare. The subsidy will be given directly to individual consumers of medical-related goods and services. Who is likely to benefit more from this subsidy: Providers (doctors, nurses, hospital staff, etc....) or Patients? Explain your answer using a supply and demand diagram.arrow_forward
- Which option is not true on the price of health care? In general it does not affect ones health It might have some impact on high risk individuals It affects healthy people It has some impact on low-income individualsarrow_forwardThe government wants to regulate health insurance companies requiring them to provide insurance coverage not just for future health problems, but also for pre-existing conditions. For such a policy to succeed, it is important to make purchase of health insurance compulsory for individuals. Is this true or false? Explain your answer.arrow_forwardwhich option is correct about Medicare and Medicaid? Medicaid is a federally-sponsored program while Medicare is sponsored with states and federal governments The health care cost of Medicare enrollees in the last two years of their life is very small Medicaid is less costly than Medicare Under the Affordable Care Act, Medicare was expanded at the cost of contracting Medicaidarrow_forward
- In Canada everyone has equal access to healthcare. However, emergency, imaging, surgery and treatment wait times can be long. Do you think that if you can pay enough money you should have the option to bypass the wait? Why or why not?arrow_forwardFor a single illness (such as a sore throat and cough), show the demand curves for three different consumers with different preferences about medical care and other goods. Need the demand curves be parallel? Could they ever cross? Now aggregate those three demand curves into a demand curve for them together. If these three people constitute the entire population in a market area, then this demand curve is the "market" demand curve. Think about what would happen when you aggregated the demand curves of thousands of individuals.arrow_forwardWhat are the differences and similarities between health economics and other forms of economic study?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Microeconomics: Private and Public Choice (MindTa...EconomicsISBN:9781305506893Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage LearningEconomics: Private and Public Choice (MindTap Cou...EconomicsISBN:9781305506725Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage Learning
- Economics (MindTap Course List)EconomicsISBN:9781337617383Author:Roger A. ArnoldPublisher:Cengage Learning
Microeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Economics: Private and Public Choice (MindTap Cou...
Economics
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning