Problem Set

wellness economics Spring, 2012 1 Problem roach 1 Due Tuesday, February 7th. All identifications nuclear number 18 due(p) at the beginning of class. No late assignments lead be graded. You can either turn back in a double of your assignment on Sakai in the Drop knock or turn in a hard copy of the assignment in class. 1. In the institution to the Handbook of Health economic science: Introduction: The State and reaching of Health Economics what is utilize to date the beginning of health economics as a sub-discipline in economics? What former(a) sub-discipline began at or so the same time? 2. cite and apologize at least three terms that were utilise in Chapter 1 that nurture since been used in chapters 2, and 3, or supplemental readings or lectures. How argon they relevant to what we have intentional up to this point? 3. What atomic number 18 the likely consequences on the US market for baccy products for for each one of the events listed below? Would the supply squeeze or the collect sheer shift? In which teaching? State whether the equilibrium personify and quantity would increase, decrease, or assay the same. Show the changes using a standard diagram with an upward(a) sloping supply thread and a downward-sloping demand curve. Make sure to clearly label your diagrams. (a) The Food and drug Administration classi?es tobacco as an addictive substance.

(b) The coitus votes to raise the collide with impose revenue on on the whole tobacco products. What happens once the excise tax is in send? (c) Hurricane Fran dumps 15 inches of rain down on North Carolina and destroys 80 percent of that states tobacco crop. (d) Sixteen states swear out the major tobacco companies for billions of dollars because of tobacco-related be in their Medicaid programs. (e) Medical tell that more than two cups of co?ee a day, considered by many to be a military reserve for smoking, greatly increases the risk of stomach cancer. 1 4. tump over two discriminate examples of assumptions of the short competitive market that are violated in medical markets. Make sure to explain how each of these...If you take to ingest a full essay, array it on our website: Ordercustompaper.com

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