Explain the terms microallocation and macroallocation of scarce medical resources
Ans) Macroallocation of scarce medical resources:
- Decisions to apportion or allocate resources (usually funding) for particular kinds of goods or services and determine the methods of their distribution. For instance, federal funding for Medicare, the Veteran's Administration (VA) hospital system, or the National Parks Service requires macroallocation decisions.
- Decisions are made by Congress, health systems agencies, and insurance companies.
Microallocation of scarce medical resources:
- Decisions to apportion or allot among persons particular resources that are scarce either naturally or because of previous macroallocation decisions. Distribution of scarce cadaver organs for transplant among the many potential recipients is an example of microallocation.
- Decisions are made by the provider and individual members of the health care team
Explain the terms microallocation and macroallocation of scarce medical resources
A society allocates its scarce resources to various uses. These scarce resources include
Explain the role of prices in allocating scarce resources in a market economy. Discuss the view that that the use of maximum and minimum price controls only serve to distort markets and bring about a misallocation of resources.
Note: This is for a gas station franchise Which of the four scarce resources (natural, human, capital, and entrepreneurial) present a major challenge for your venture? What limits does the scarce resource present to your venture? Explain in depth.
Resources are very scarce around the United States. Identify one scarce resource and analyze the impact of the scarcity of that resource on an economy. What is one solution that the government can provide to ensure that the scarcity will not be impacted as much?
Resources are very scarce around the United States. Identify one scarce resource and analyze the impact of the scarcity of that resource on an economy. What is one solution that the government can provide to ensure that the scarcity will not be impacted as much? This assignment will require you to write an analysis with a minimum of 3-5 paragraphs. You will need to focus on your analysis and address each aspect of the question. You will be graded based...
• How do individuals allocate scarce resources? (How do people make choices?) • How do markets allocate scarce resources? • Is market allocation desirable?
Economics is the study of the efficient allocation of scarce resources (land, labor, capital, entrepreneurial talent). 1. Define and explain the term “scarcity”. 2. Provide a situation where you have personally faced scarcity. 3. Provide the method in which you overcame the scarcity. Did you choose an inferior good? Did you seek a Substitute Good? Did you forego consumption?
A typical society strives to get the most it can from its scarce resources. At the same time, the society attempts to distribute the benefits of those resources to the members of the society in a fair manner. In other words, the society faces a tradeoff between a. guns and butter. b. efficiency and equality. c. inflation and unemployment. d. work and leisure.
The commitment of scarce resources to capture returns created politically is called Orent seeking cost minimizing logrolling profit maximizing
2. Provide arguments for and against the assertion that natural resources are getting increasingly scarce over time. Include examples in your answer. Many regions of the world are undergoing deforestation. Is the optimal rate of deforestation zero? 3.