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Unformatted text preview: the market for health
insurance, such sharing of costs can be accomplished by
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
5. negative externalities
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
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.
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