Premiums and copays are
Premiums are $280 a
month. Copays are very
Everyone pays into the
program, but there are no
Everyone pays into it. Poor are
subsidized by the government.
ECN 326-001 Essay 4
Capitalism is the greatest economic system to exist in the real world.
This is because it creates innovation and efficiency. Those who can create
the product the best and with the lowest price will win the day
ECN 326-001 Essay 3
Chinas rapid growth can be attributed to their turn towards market
By finally opening the doors to a free market, China has set
themselves up to be a world super power.
However, they are not quite
There is no way that there can be equations and variables to
determine prices in a market. Capitalism has shown time and time again
that the only way to find the price equilibrium is by having a free market
based on supply and demand. Equations being esta
ECN 326-001 Essay 5
The Great Leap Forward could be seen as a tremendous disaster for China.
Millions died under this rural urbanization of the Chinese Communist Party (CCP).
In an attempt to industrialize the nation, Mao Zedong
ECN 326-001 Essay 6
Chinas cultural revolution came about in 1966, after Mao Zedong wanted to
regain the power he had given up just years before.
After the Great Leap
Forward failed horribly, Zedong gave up his control so that his
ECN 326-001 Essay 10
Islamic ethics and morals tend to greatly differ the more modern
western philosophy, even in terms of business. Currently there is changes
being made to move these Islamic nations into a more modern age of
ECN 326-001 Essay 9
Islamic religion has a direct relationship with Islamic economic
Many of the principals practiced by the religion are used in
This limits the economic growth and development
Sir Arthur Lewis developed the Two-Sector Growth Model with
Redundant Labor. This theory broke labor into two classes, the traditional
subsistence labor and the modern industrial labor.
China has a laundry list of problems that will need to be fixed before they
can be considered a super power.
If these issues arent fixed it will be very
difficult for Chinas success to continue. The issues go fr
ECN 326 - Introduction.2
Anglo-Saxon Model: The US Economy
- January 25th, 27th.3
Homework assignment until February 8th.5
The Soviet Experiment with Socialism and Central Planning.7
Soviet Central Planning.8
The Coming Collapse of China by Gordon
1. Complete- For any good or service that affects someones utility, there is a market
Competitive- Many buyers and sellers with free entry and exit. No monopolies. Homogeneous
goods and services
ECN 326 Feb 8 assignment part 2
Criteria used: Macroeconomic stability, coverage, access, freedom
US- The US is the worst of the six when it comes to healthcare. While it has its merits concerning the
quality of care received, the fact that the US healthc
For the past decade, there have been several reports stating China will
surpass the United States in terms of real GDP.
While these reports do have
evidence based off of current trend lines, some speculate the v