USU-Intro To MacroEcon - Assignment 11

In the market for health insurance such sharing of

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Unformatted text preview: the market for health insurance, such sharing of costs can be accomplished by 1. 2. 3. 4. 5. having national health insurance forcing doctors to provide medical care for free requiring co-payments and deductibles requiring a down payment All of these Question 20 (1 point) When economic resources are devoted to transferring wealth from one sector of the economy to another, rather than being used for productive purposes, the process is known as 1. 2. 3. 4. 5. negative externalities rent seeking public goods logrolling highly efficient Question 1 (4.00 points) What is the difference between a positive externality and a negative externality? Give an example of each. Question 2 (3.00 points) What is meant by the term overfishing? What is the fundamental problem associated with overfishing of the oceans? What might lead to underfishing? Citation: admin. (2009, January 27). Assignment 11. Retrieved January 07, 2011, from Free Online Course Materials — US U OpenCourseWare Web site: http://ocw.usu.edu/economics/introductionto-microeconomics-1/assignment11.htm. Copyright 2008, by the Contributing Authors. This work is licensed under a Creative Commons License....
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