Assignment:
1. 2,000 years ago gladiators fought in the Coliseums of Ancient Rome making huge salaries. Is this an example of a "Winner - Take" all society? Explain how this is still a big part of today's US or any other typical Western Society. What about a NFL Football Players wages too?
2 .Why do more than 45 million Americans not have Health Insurance? Argue whether or not you feel that Health Insurance today should be either Public or Insurance driven?
Assignment 15:
•After discussing Elasticity of Demand in Chapter explain whether or not the Demand for Health Insurance in the US has an inelastic or elastic demand and why?
•Why is vaccination against many childhood illnesses a legal requirement for entry into public school?
•Why do economists believe that pollution taxes and effluent permits are a more efficient way to curb pollution than laws mandating across-the-board cutbacks?
•Why is first-dollar health care coverage inefficient?
•How would you explain to a skeptical bank manager why the socially optimal number of bank robberies is not zero?
•Does it make sense for the Federal Aviation Administration to require more sophistication and expansive safety equipment in large commercial passenger jets than in small private planes?