Question
1. Under what circumstances would you try to avoid purchasing health insurance? 2. Do the increased physician and hospital treatments for serious illnesses among those
1. Under what circumstances would you try to avoid purchasing health insurance? 2. Do the increased physician and hospital treatments for serious illnesses among those who are newly insured tell you anything about the price elasticity of demand for medical care? If so, what? 3. When an employer chooses to reduce the hours worked by many of its employees to fewer than thirty per week, what might be some of the negative consequences to the business? What damages might the affected employees suffer? Ch 18 1. Consider two different ways of beating your competition. One way is to offer your customers lower prices and better service. The other is to get a law passed that raises your competitors' costs for exam-ple, by imposing special operating requirements on them. Can you see any difference between these two methods, assuming that both succeed in keeping your competition out? 2. Although governments at all levels sometimes act to prevent some individuals from competing with others, the federal government is probably the most active in this role, state governments are less active, and local governments are the least active. Can you explain this pattern? Ch19 1. Under what circumstances would you try to avoid purchasing health insurance? 2. Do the increased physician and hospital treatments for serious illnesses among those who are newly insured tell you anything about the price elasticity of demand for medical care? If so, what? Ch 20 1. What do we mean when we say that industrial policy leads to inefficient use of resources? 2. What are some of the arguments that you could use to justify the expansion of wind power and solar power? 3. What are the benefits to consumers who purchase electric cars?
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