Chapter 1, Problem 2.4EC

Discuss how this pandemic is affecting small businesses borrowing

In the discussion of Big Idea Five, we identified that, “self-sufficiency is death” because most of us would not be able to produce for ourselves the food and shelter that we need to survive. In addition to death, however, one could also say that self-sufficiency is boredom or ignorance. How does specialization and trade help you to avoid boredom and ignorance?

Suppose health-care reform Y makes it unlawful for insurance companies to deny insurance to persons with a preexisting disease and sets a fine for those people who do not buy insurance.  It follows that if the fine is   a.  larger than the benefits derived from not buying insurance right away, then people will not buy the insurance and pay the fine.     b.  smaller than the benefits derived from not buying the insurance right away, then people will not buy the insurance and pay the fine.     c.  There is not enough information provided to answer this question.     d.  larger than the benefits derived from not buying insurance right away, then people will buy the insurance right away and not pay the fine.

Most people, economists included, consider child labor to be morally unacceptable and would support aggressive efforts to eliminate such practices-including shutting out imported products made with such labor. Which of the following is true? Select the correct answer below: child workers will have to go back to school and improve their skills eliminating such practices may not be a good solution as workers may have even less attractive alternative jobs, perhaps scavenging garbage or prostitution O such practices will make it possible for children to not be exploited O governments will have to step up their financial aid to needy families so children will not have to work

In his Ponzi scheme, what did Abraham Kennard use to lure his victims? Group of answer choices A. Loans to corporations headed by African Americans B. Investment opportunities for black investment bankers C. Promise of grants to black preachers D. Insurance coverage for members of black churches

State with a brief reason, the appropriate pricing policy that should be adopted in the following situations. (Do not copy the situation into your answer books) (i) A health centre doing routine health check-up with normal facilities. (ii) A newly formed company is trying to build a unique product that it may patent. Some of the product's components, designed to specifications are outsourced to A. The

Celia lives in Europe and received a survey in the mail from a U.S. company wanting to know how her family used disposable paper towels. Celia never uses paper towels but she doesn’t want to reveal that in the survey so she answers the questions to please the company. Celia’s response is an example of ethnocentrism.self-fulfilling prophecy.cluster analysis.social desirability bias.

W4  Private health insurance In the US, about 2/3 of individuals are covered by private health insurance, and most of the private insurance is provided through the large firms. Usually in this big firms, workers are offered with the same kind of health insurance. People pay for health insurance through reduced wages. Discuss the potential redistribution effects (progressive or regressive?) and efficiency effects of this system.

Explain how a non-profit organization like Doctors Without Borders might assign overhead costs to their operations in a particular refugee camp.