I have discussed the advantage of the consumer driven health plans. I talked about the advantage and disadvantage of the reforming health care. I believe that the advantages overweight the disadvantages of health care reform. It will allow the uninsured to have health insurance coverage and mandates coverage for all
These policies might be more in the interest of MNCs and the developed countries rather than the developing countries. 9. People in developed countries are beginning to suffer from “aid weariness” and think that the problems in their own economies may be more important than in others so this may start to reduce the flows of aid. 10. Loan repayments on financial aid may lead to massive problems of indebtedness for developing
Negative externalities occur when social costs are more than a private cost. Governments may usually intervene when negative externalities arise, this is to tax demerit goods, which are goods that have negative externalities and are over produced in an economy. However, the government may find other solutions much more useful, for example; they find it more effective to subsidise merit goods, goods giving out positive externalities and also provide more information about the effects of demerit goods to discourage them. If markets were over producing demerit goods, those selling those goods such as firms would be taxed, so raw materials for the goods may be more expensive or possibly the machinery. This would increase the costs and result in the firms passing on the costs to the consumers, this would increase the prices of the goods causing negative externalities and discourage them from being bought.
They make their own prices, which would in most cases be more of a benefit to the producer. Both structures make it very difficult for others to enter the industry, limiting and sometimes blocking entry and competition. Industrial Regulation seeks to prevent unfair practices of restricting market entry, opening markets up for competition. Ideally, prices with regulate themselves in a fair competition, preventing one or a few companies from setting the prices that would be deemed as inappropriate. It also works to prevent the practices of unfair pricing and charging higher prices to consumers while the companies produce less product, limiting choices for consumers.
Explain why Governments find it difficult to achieve economic objectives simultaneously. The government has difficulty in achieving economic objectives simultaneously because some economic goals conflict with one another. In order to maintain an efficient economy, governments prioritise an array of economic objectives, however, these objectives commonly conflict, consequently restricting a governments ability to simultaneously achieve their set objectives. One conflict between economic objectives is between economic growth or unemployment and inflation. The government wants low unemployment and high economic growth which are generally linear; however this can cause difficulties in maintaining a stable rate of inflation which is another economic objective.
By having this introduced, it increases the private cost of consumption or production. This may then reduce the demand and the output for the particular product which causes these negative externalities. Another reason that taxation is effective is because it can encourage producers to produce less and get better value products through the use of recycling and composting. This also affects the supply curve, shifting it to the left which also increases the price of the factors of production to create those products. For example, there could be landfill tax which encourages people to dump less as it imposes an indirect tax.
Disadvantage: * Technical evaluation after price negotiation causes an unfair price competition during auction between high quality suppliers and low quality suppliers. Suppliers with low quality may have lower cost structure comparing to high quality suppliers. Without setting the quality standard before the auction, it is likely that the auction winner may not be able to meet Casturn’s technical evaluation. * The cross-function time at step 5 have veto power. Even though this practice reduces the chance of making a bad re-sourcing decision, it wastes lots of time and energy from CMC and engineer team, and may discourage nominated supplier.
For example they do not try and put more effort into helping schools who are not as wealthy as some of the other ones. Instead with the powerful in control, they only give the wealthy more power. By doing so, they then give the poor a false consciousness. Therefore the conflict theory is demonstrating how this separation of power is bad and is allowing the poor to think as if they have no option but to keep being poor, and this is not the case. There should be more support on the less wealthy education in order to diminish the gap between the education systems and allow the poor to have better life
o Another argument is that firms in developing countries keep costs down by paying their workers depressed wages and by subjecting them to inhumane work environments. Hence limiting the imports of such goods discourages such exploitation. Employment protection o Engagement in international trade often results in structural unemployment as workers in the contracting sectors may lack the skills to transit to the expanding sectors o Temporary protectionist measures allow such
A country can be a capital (or labor)-abundant nations and labor (or capital)-scarce nations which consider their comparative advantage in technologies, input productivity, and wages of labor. Free trade can bring a lot of advantage to us; however, it does not apply in real world. Tariff and non-tariff are the tools that use to trade protection or prevent the economy from undergoing adjustment during economic stagnation. Although tariff and other restriction can concede the economic losses and using resource with less efficiency, but protectionism argue that non-economic benefit such as a national security can more than offset those economic losses. Normally trade protection is use to secure domestic industry and labor union’s economy welfare.