Problem Set

health economics Spring, 2012 1 Problem Set 1 Due Tuesday, February 7th. All denominations atomic number 18 imputable at the beginning of class. No late assignments lead be graded. You can either turn in a usurp 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 use 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 carry since been used in chapters 2, and 3, or supplemental readings or lectures. How argon they relevant to what we have learned up to this point? 3. What are the likely consequences on the US commercialise for baccy products for severally of the events listed below? Would the supply lift or the demand b urn shift? In which direction? State whether the equilibrium speak to and quantity would increase, decrease, or stay the same. Show the changes using a standard diagram with an upward sloping supply cut and a downward-sloping demand curve. Make incontestable to clearly label your diagrams. (a) The Food and Drug Administration classi?es baccy as an addictive substance.

(b) The Congress votes to raise the attain bill revenue on all tobacco products. What happens once the excise tax is in place? (c) Hurricane Fran dumps 15 inches of pelting on North Carolina and destroys 80 percent of that states tobacco cro p. (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 all-inclusive essay, order it on our website: BestEssayCheap.com

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