A major flaw in the policy analysis process is the lack of feedback.

True/ false

Working toward public support of a proposed health care policy is undertaken in the stage of the implementation strategy phrase of the policy making process.

True/ false

A subject of general concern about the future of health care is a population boom that rapidly expands the workforce.

True/ false

The bureaucratic dispersal of our federal government health financed programs was due in large part to the opposition of organized medicine.

True/ false

The 1965 Medicare bill encourage salaried employment for hospital-based physicians

True/ false

Various models exist to provide health care in the U.S one of the following models has been legally ruled out

a. Free market

b. Provide oligopoly

c. Provide monopoly

d. Administered competiti

Part 1 (1 point) t.) See Hint A consumer receives an endowment of $ 1000.00 this period and $700.00 next period. Currently the interest rate is 14.00%. The future value of the endowment is $ | |. Part 2 (2 points} 0 See Hint Suppose that instead the endowment is $1200.00 this period and $910.00 next period. Suppose that the interest rate is still 14.00%. Now the future value of the endowment is 35 I . With the new endowment. the consumer is v Part 3 (2 points} 0 See Hint Now suppose that the endowment is $950.00 in the first period and $675.00 in the second period. The interest rate is still 14.00%. Now the future value of the endowment is $ | !. Compared to the endowment in Part 1. with the new endowment, the consumer is v 00F13QU5TIONSCOMPLETED ) ( 02/13 III _ Harbaugh, et a1. show that 1) Only young children display the endowment effect. 20 year olds no longer display an endowment effect. 2] Adults display an endowment effect, but not young children. 3) Infants display an endowment effect before they are able to speak, and the effect becomes more intense as they grow older. 4] Both young children and 20 year olds display an endowment effect. 3. Draw an Edgeworth Box diagram with an initial endowment. Show the gains from trade relative to this endowment point assuming that each person has normal shaped indifference curves. Show the Pareto Efficient points that are within the region of gains from trade relative to the initial endowment. Make sure that your initial endowment point is not Pareto Efficient