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3 years ago

How is health insurance different from auto insurance?

1 answer:

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While both types of insurance are required, if you do not have health insurance, you will be required to pay a fee on your taxes.

FYI, while this used to be true the United States has recently removed the requirement known as the "individual mandate" for people to have health insurance or face a penalty.

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When students in a large class were surveyed about how much they would be willing to pay for a coffee mug with their university'

viktelen [127]

Answer and Explanation:

1> Let's solve the standard economic model first based on rational expectation.

Since the medium willingness to pay is $5, we can assume half the people have more willingness to pay than $5 and half the people have less. (Since it's a large class, we can assume this)

So, half of them who got the mug will sell, according to standard theory.

2> Now behavioral economist will disagree. People who got the mug, get an emotional and nostalgic attachment with it, thus they would not like to sell it because they get utility after having something, so by behavioral theory, less than half of pupils who got the mug will sell.

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3 years ago

New York City limits the number of taxi cabs that can legally operate in the city. The most likely result of this practice is th

stich3 [128]

Answer:

cab fares will be higher.

Explanation:

The supply of cabs would fall as a result of the limit. The fall in supply would lead to a rightward shift of the demand curve for cabs.

As a result, equilibrium price (cab fares) would increase and equilibrium quantity would fall.

subway is a substitute for cabs

Due to the increase in the price of cabs, there would be an increase in the demand for subway. This would lead to a rise in equilibrium price and quantity

8 0

3 years ago

If the economy is in a recession, according to Keynesian economists, which fiscal policy is likely help this economic issue?

VashaNatasha [74]

Answer:

expansionary fiscal policy.

Explanation:

expansionary fiscal policy is most appropriate when an economy is in recession and producing below its potential GDP.

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2 years ago

How does a Fire Prevention Plan benefit your workplace? Select the 2 answer options that apply. It’s less likely that a fire wil

lbvjy [14]

Answer:

It is less likely that injuries will occur during an emergency

Its less likely that damage will occur during an emergency

are the correct options.

Explanation:

A fire prevention program eliminates or reduces the occurrence of fires by training people in fire safety.

The fire prevention plan should include: The list of all major fire hazards, proper storage procedures and handling procedures for hazardous materials, the various types of fire protection equipment required to control major hazard, potential ignition sources and their control.

A fire needs fuel, heat and oxygen, without oxygen, fuel and heat a fire cannot start. So the strategy to prevent fire should try to remove one of more of these elements.

5 0

3 years ago

Read 2 more answers

Marina receives a call from an angry customer, who claims a product is not working properly. Marina should provide quality custo

Mkey [24]

Providing the customer a choice between a refund or a replacement

8 0

4 years ago

Read 2 more answers