ECON 1034

1. There is currently a debate in Canada over the relative advantages of having health care provided by the public sector or the private sector (Chapter 1)

a. What are the main advantages associated with health care provided by the public sector? By the private sector?

b. Do you believe more of Canada's health care services should be available privately? Why or why not?

2. A particular competitive market is at equilibrium at a specific price and quantity. Then a shift in supply causes equilibrium price to rise.

a) Which way has supply shifted? b) Has equilibrium quantity increased or decreased?

c) Will the changes in equilibrium price and quantity be driven by a temporary shortage or temporary surplus in the market?

Reference all the sources. Use in text citations and insert references at the bottom.