Problem Set

health economics Spring, 2012 1 Problem Set 1 Due Tuesday, February 7th. All subsidizations atomic number 18 callable at the beginning of class. No late assignments lead be graded. You can either turn in a plagiarize of your assignment on Sakai in the Drop knock or turn in a hard copy of the assignment in class. 1. In the Introduction to the Handbook of Health political economy: Introduction: The State and Scope of Health Economics what is utilise to date the beginning of health economics as a sub-discipline in economics? What other sub-discipline began at or so the same time? 2. List and explain at least(prenominal) three terms that were used in Chapter 1 that trea sure as shooting since been used in chapters 2, and 3, or supplemental readings or lectures. How atomic number 18 they relevant to what we have learned up to this point? 3. What be the likely consequences on the US market place for baccy products for individually of the events listed below? Would the supply lift or the demand line shift? In which direction? State whether the equilibrium make up and quantity would increase, decrease, or stay the same. Show the changes using a standard diagram with an upward sloping supply convolute and a downward-sloping demand curve. Make sure to distinctly label your diagrams. (a) The Food and Drug Administration classi?es tobacco plant as an addictive substance.

(b) The Congress votes to raise the fret charge revenue on all tobacco products. What happens once the excise tax is in place? (c) Hurricane Fran dumps 15 inches of fall on North Carolina and d estroys 80 percent of that states tobacco cr! op. (d) Sixteen states sue the major tobacco companies for billions of dollars because of tobacco-related cost in their Medicaid programs. (e) Medical evidence 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. Give two discriminate examples of assumptions of the perfectly competitive market that are violated in medical markets. Make sure to explain how each of these...If you take to get a plentiful essay, order it on our website: BestEssayCheap.com

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