Bundle: Principles of Macroeconomics, Loose-Leaf Version, 7th + Aplia, 1 term Printed Access Card
7th Edition
ISBN: 9781305134935
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Question
Chapter 7, Problem 11PA
Subpart (a):
To determine
To draw:The demand curve for medical care by showing the procedure required if each procedure has a price of $100.
Subpart (b):
To determine
The quantity of procedure required if consumers are ready to pay $20 per procedure. Also, to find whether the number of procedures performed will maximize the overall surplus, if the optimal rate for each procedure is truly $100, and individuals have health insurance.
Subpart (c):
To determine
Whether the usage of care are considered to be excessive when the economists blame the health insurance system for these usage of medical care.
Subpart (d):
To determine
The policies that can prevent the excessive usage of medical care.
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Discuss the preferred deterrent method employed by the Zambian government to combat tax evasion, monetary fines. As noted in the reading the potential penalty for corporate tax evasion is a fine of 52.5% of the amount evaded plus interest assessed at 5% annually along with a possibility of jail time. In general, monetary fines as a deterrent are preferred to blacklisting of company directors, revoking business operation licenses, or calling for prison sentences. Do you agree with this preference? Should companies that are guilty of tax evasion face something more severe than a monetary fine? Something less severe? Should the fine and interest amount be set at a different rate? If so at why? Provide support and rationale for your responses.
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Chapter 7 Solutions
Bundle: Principles of Macroeconomics, Loose-Leaf Version, 7th + Aplia, 1 term Printed Access Card
Ch. 7.1 - Prob. 1QQCh. 7.2 - Prob. 2QQCh. 7.3 - Prob. 3QQCh. 7 - Prob. 1QRCh. 7 - Prob. 2QRCh. 7 - Prob. 3QRCh. 7 - Prob. 4QRCh. 7 - Prob. 5QRCh. 7 - Prob. 1QCMCCh. 7 - Prob. 2QCMC
Ch. 7 - Prob. 3QCMCCh. 7 - Prob. 4QCMCCh. 7 - Prob. 5QCMCCh. 7 - Prob. 6QCMCCh. 7 - Prob. 1PACh. 7 - Prob. 2PACh. 7 - Prob. 3PACh. 7 - Prob. 4PACh. 7 - Prob. 5PACh. 7 - Prob. 6PACh. 7 - Prob. 7PACh. 7 - Prob. 8PACh. 7 - Prob. 9PACh. 7 - A friend of yours is considering two cell phone...Ch. 7 - Prob. 11PA
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