MACROECONOMICS-W/MINDTAP
15th Edition
ISBN: 9781305361409
Author: Gwartney
Publisher: CENGAGE L
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Chapter 1, Problem 4CQ
To determine
Relation between child tax credit and birth rate.
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Chapter 1 Solutions
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- A recent trend in health insurance is the Health Savings Account (HSA). The idea behind Health Savings Accounts is that rather than providing employees with health insurance that makes visiting doctors cost little more than a simple $10 or $20 copay the employer gives the employee money to use to spend on health care, but the employee bares the entire cost of seeing the doctor. What money given for health care not spent by the employee can be withdrawn by the employee as if it was additional income. It is believed that Health Savings Accounts will reduce the total amount of money spent on seeing doctors. Using Supply and Demand analysis, explain why there is the expectation that HSA’s will reduce spending on doctors.arrow_forwardWhat factors do economists suppose influence the amount of education people choose to obtain? What are some events that could influence the decision in this framework?arrow_forwardWhat will be the future of Japanese population if the birthrate will continue to decrease and how should the government of Japan address this current situation? Explain briefly.arrow_forward
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