Saturday 7 May 2011

Hospital mergers - The war of the wards - Investors are eyeing up hospitals around the world

http://www.economist.com/research/articlesBySubject/displaystory.cfm?subjectid=348978&story_id=E1_TGGQGPTD

All students must read this link & comment (Specify about the topic u can relate)

CASE STUDY (BASIC ECONOMIC PROBLEMS)

Tourism in a number of countries has been reduced as people are worried that they may be harmed by terrorist. Many governments have increased their spending on the police and armed forces, particularly at airports, but there is an opportunity cost of this policy.

(a)Explain the term ‘opportunity cost’ giving an example from your own experience.[4m]
(b)Describe which factor of production might be most significant in the operation of a luxury Tourist Resort. [4]

(c)Why are governments , and not the private sector ,usually involved in defense
expenditure?[4]
(d)Which sector of production in a developing country has a greater proportion of people working in it, and why? [3]

(e)Explain whether you think that an increase in expenditure on defense might conflict with other government aims.[5]

Paul Heyne quotes:

“The gap in our economy is between what we have and what we think we ought to have - and that is a moral problem, not an economic one.”

Featured post

Commercial Bank & Central Bank

Followers