Changes

:... [There was] an increase in the demand for teh Tyndale Bible and in the profit for the printers.  Since the profit of the printers increased, they could afford to make more copies of the Tyndale Bible, as a a result, more of the laymen were able to get a copy.  This made it virtually impossible to censor the Tyndale bible and it eventually was made legal in 1573. ...  (Dermot)

:... [There was] an increase in the demand for teh Tyndale Bible and in the profit for the printers.  Since the profit of the printers increased, they could afford to make more copies of the Tyndale Bible, as a a result, more of the laymen were able to get a copy.  This made it virtually impossible to censor the Tyndale bible and it eventually was made legal in 1573. ...  (Dermot)

10.  Discuss any aspect of the economics of health care.

10.  Discuss any aspect of the economics of health care.

:Basically, there are problems with healthcare: premiums and actual care both cost too much, and they are rising in price. Right now, some people have insurance and get the care they need, while others do not have insurance and cannot get care. However, under a government system, nothing would really change; everyone would have insurance in name, but many would still be unable to get their care because of rationing.

:Basically, there are problems with healthcare: premiums and actual care both cost too much, and they are rising in price. Right now, some people have insurance and get the care they need, while others do not have insurance and cannot get care. However, under a government system, nothing would really change; everyone would have insurance in name, but many would still be unable to get their care because of rationing.

What must be done is first to figure out why insurance and care prices are rising. One reason is malpractice lawsuits. Another is government regulation. Another is lack of interstate competition. Due to these and other factors, when you go to the doctor you are not actually paying the price of drugs or procedures, but those prices with countless other fees piled on top.

:What must be done is first to figure out why insurance and care prices are rising. One reason is malpractice lawsuits. Another is government regulation. Another is lack of interstate competition. Due to these and other factors, when you go to the doctor you are not actually paying the price of drugs or procedures, but those prices with countless other fees piled on top.

 

 

11.  How are the forces of supply and demand and the free market helpful to someone who might otherwise be an social outcast and victim of prejudice in a community?  In addition or alternatively, discuss the social benefits of a "free market" more generally.

:

:Government claims it needs to get into the insurance business to keep insurance companies honest. However, it is due much to government stifling of competition among insurance companies that prices are so high to begin with. What will really make insurance affordable is serious tort reform, a handful of federal regulations (especially no preexisting conditions) which facilitate interstate competition, and tax cuts or subsidies for low-income consumers. I once heard a congressman say that insurance companies are acting like a monopoly. Everyone knows monopolies are inefficient because they do not have to compete with anyone else. Introducing competition into the insurance industry will drive down price and drive up quality- the opposite of what the government plans will do.  (Addison)

12.  Compare "equilibrium" in economics to "equilibrium" in other fields (such as chemistry or physics) or in life itself (such the flow of traffic on highways), using specific examples.

12.  Compare "equilibrium" in economics to "equilibrium" in other fields (such as chemistry or physics) or in life itself (such the flow of traffic on highways), using specific examples.

:Equilibrium in economics is when the supply meets the demand. It is the perfect balance in the economic world. The right amount of shirts in a store is considered equilibrium because the amount of shirts that people want to buy meets the amount of shirts they have in the store. Equilibrium in biology is the balance within a living organism. The human body is made up of all different parts which are in their own way very important. For example, if one of the organs in our body did not function correctly, we would not be able to survive. The body would be unbalanced and certain bodily functions would not be completed. We could not substitute it with a totally different organ. It would not work because the perfect balance would not be maintained. We were made perfect for our task in the world and if we tamper with that, everything would go wrong.  (Veronika)

:Equilibrium in economics is when the supply meets the demand. It is the perfect balance in the economic world. The right amount of shirts in a store is considered equilibrium because the amount of shirts that people want to buy meets the amount of shirts they have in the store. Equilibrium in biology is the balance within a living organism. The human body is made up of all different parts which are in their own way very important. For example, if one of the organs in our body did not function correctly, we would not be able to survive. The body would be unbalanced and certain bodily functions would not be completed. We could not substitute it with a totally different organ. It would not work because the perfect balance would not be maintained. We were made perfect for our task in the world and if we tamper with that, everything would go wrong.  (Veronika)