The Production Choices to Achieve Trend Growth Assignment

The Production Choices to Achieve Trend Growth - Assignment Example The production possibility represents alternative combinations of different commodities which can be produced by the economy with the total available resources. In other words, the production possibility curve is the locus of all those points that represent different product combinations that an economy can attain by employing its total available resources to the fullest. For simplicity, let us assume that only two commodities (x and y) are being produced using the total available resources in an economy. In the following diagram, we plot units of x on the horizontal axis and units of y on the vertical axis. The curve AF represents the production possibility curve of the economy. If all the resources are devoted to the production of x then the country can get OF amount of x and no amount of y. On the other hand, if the total resources are devoted to producing y then the country can OF amount of y and no amount of x. since the resources are assumed to be fixed in quantity and since th ey are assumed to be fully employed with utmost efficiency, if though production of one commodity is increasing then that of the other will definitely decrease. For this reason, this curve is assumed to be downward sloping.   The coordinates of any point of AF curve shows the different product mix that is available to the economy to produce with the given amount of resources. Sot he country can produce at any point of the curve and achieve trend growth. If the supply of resources increase or a technological improvement takes place then the production possibility curve or production possibility frontier (PPF) will shift to the right from AF to A’F’. Any point on the curve (e.g. Point's’) implies full and efficient employment of the resources, that is, the maximum amount of output that an economy can produce in the most effective manner using the given amount of resources. Any point inside the curve (e.g. Point ‘g’) implies that production in the economy is taking place without using all the resources to the optimum level.     Ã‚  

Access to health care system Essay Example | Topics and Well Written Essays - 1500 words

Access to health care system - Essay Example 83). It is said that infant mortality and life expectancy provide a glimpse of the population health; meaning, this signals a problem for the U.S. healthcare system. France has a public-private collaboration of hospital and ambulatory care, reinforced by higher resources of care and services. Ambulatory care for the poor is provided by both the U.S. federal and local government units which can be attained from county or municipal hospital, local health authorities, or other not-for-profit health organizations. France’s current health insurance scheme encompasses about 80% of the French population, including illegal immigrants, and spends about 9.5% of its gross domestic product (GDP) for healthcare. The U.S. spends 16% of its GDP for healthcare. Canada spends about 10% of GDP for healthcare annually (Romanow, 2005, p. 527) and ranks eighth in global healthcare spending (OECD, 2008 as cited in Kelly & Tazbir, 2014, p. 49). Access to healthcare does not only mean large spending in healthcare services but needs a system involving a collaborative effort from the various sectors of society to answer to the increasing demand of healthcare from a growing population. Canada and France spend a smaller share of their GDP on healthcare than the United States does, but in statistics on infant mortality and life expectancy they appeared to be better (Wendel et al., 2014). In a survey on patient satisfaction, Canadians and Americans had quite the same results, 46% for Canadians and 40% for Americans, saying that they were â€Å"fairly or very satisfied† (Richard-Kortun, 2010, p. 123). A study by O’Neill and O’Neill (2007 as cited in Wendel et al., 2014) compared U.S. and Canada healthcare data, focusing on cancer incidence and mortality rate. Healthcare reflects population health. The authors revealed that cancer-related deaths were higher in the U.S. than in Canada, for both men and women. The authors also revealed