If a government decides to make health insurance affordable by requiring all health insurance companies to cut
Question:
If a government decides to make health insurance affordable by requiring all health insurance companies to cut their prices by 30%, what will probably happen to the number of people covered by health insurance?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
When the price of a good or service falls people are more likely ...View the full answer
Answered By
Kenneth Mutia
I have a B.S. in Statistics from the Jomo Kenyatta University of Agriculture and technology. I have been an academic tutor for over 3 years. I have a passion for helping students reach their full potential and am dedicated to helping them succeed. I am patient and adaptable, and I have experience working with students of all ages and abilities, from elementary school to college in their various fields. I have a wide scope of diverse tutoring experience in several courses of study with significant success as a tutor.
0.00
0 Reviews
10+ Question Solved
Related Book For
Modern Principles Of Microeconomics
ISBN: 9781429278416
3rd Edition
Authors: Tyler Cowen, , Alex Tabarrok
Question Posted:
Students also viewed these Business questions
-
The following table reports the number of people as well as the number of people living below the poverty level across regions in the U.S. for the year 2013. (All numbers are in 1,000s.) a. Construct...
-
The number of people killed in each state from passenger vehicle crashes for a specific year is shown. Find the range, variance, and standard deviation unless the question asks for something...
-
The probability that the number of people with blood type O-negative is between 18 and 24, inclusive A discrete random variable is given. Assume the probability of the random variable will be...
-
Modify the test client in Turtle to take an odd integer \(n\) as a command-line argument and draw a star with \(\mathrm{n}\) points.
-
An admissions director wants to estimate the mean age of all students enrolled at a college. The estimate must be within 1 year of the population mean. Assume the population of ages is normally...
-
Define the various forms of employee empowerment and analyse the benefits of empowered employees in the service sector. Question 2 Identify the key components of the servicescape and critically...
-
Design the suspension of a car such that the maximum vertical acceleration felt by the driver is less than \(2 g\) at all speeds between \(70 \mathrm{~km} / \mathrm{h}\) and \(140 \mathrm{~km} /...
-
Record DeMeo Corporations following stock transactions, which represent all the companys treasury stock transactions during 2014, using T accounts: May 5 Purchased 800 shares of its own $2 par value...
-
Discuss how the advent of non-volatile memory (NVM) and persistent memory affects traditional virtual memory models. What are the new challenges and opportunities presented by these technologies in...
-
What is the annual equivalent cost of purchasing a lift truck that has an initial cost of $65,000, an annual operating cost of $13,500, and an estimated salvage value of $23,000 after six years of...
-
Between 2000 and 2008, the price of oil increased from $30 per barrel to $140 per barrel, and the price of gasoline in the United States rose from about $1.50 per gallon to more than $4.00 per...
-
When a price ceiling is in place keeping the price below the market price, whats larger: quantity demanded or quantity supplied? How does this explain the long lines and wasteful searches we see in...
-
How wide are the continental shelves?
-
Movement along the demand curve for good \(X\) occurs due to a change in: A. income. B. the price of \(\operatorname{good} X\). C. the price of a substitute for \(\operatorname{good} X\).
-
The numerator of the GDP price deflator reflects: A. the value of base-year output at current prices. B. the value of current-year output at current prices. C. the value of current-year output at...
-
In the case of two goods, \(x\) and \(y\), which of the following statements is most likely true? Maximum utility is achieved: A. along the highest indifference curve below the budget constraint...
-
Assume the supply side of the market consists of exactly five identical sellers. If the unit price of aluminum is 20 , which equation is closest to the expression for the market inverse supply...
-
Which of the following conditions is least likely to increase a country's GDP? A. An increase in net exports B. Increased investment in capital goods C. Increased government transfer payments
-
Three autosomal genes are linked along the same chromosome. The distance between gene A and B is 7 mu, the distance between B and C is 11 mu, and the distance between A and C is 4 mu. An individual...
-
Find the numerical value of each expression. (a) sech 0 (b) cosh -1 1
-
List your activities for the first two hours after you woke up this morning. Briefly indicate how marketing affected your activities.
-
Distinguish between the micro and macro views of marketing. Then explain how they are interrelated, if they are.
-
Refer to Exhibit 1-1, and give an example of a purchase you made recently that i n volved separation of information and separation in time between you and the producer. Briefly e x plain how these...
-
Do you think Google Corporation is a "monopoly" or is violating antitrust "unfair competition" rules/laws? (Google currently has about 89 percent of the U.S. search engine market, with Bing having...
-
1. Where are you on Maslow's hierarchy? Explain your answer. 2. Explain self-determination/cognitive evaluation theory (for this question, assume they're basically the same thing) giving a personal...
-
Select a participant (colleague, family member, or friend) that you would like to receive feedback from. Use the information from the table to plan a two-way, open, and evaluative feedback session as...
Study smarter with the SolutionInn App