6. Defenses to Employment Discrimination. Dorothea worked as an inspector for Hercules for six years when her employment was terminated. Dorothea, who was over forty years of age, sued Hercules for age discrimination in violation of the Age Discrimination in Employment Act of 1967. While preparing for trial, Hercules learned that Dorothea had made several misrepresentations on her application when she applied for the job. Dorothea misrepresented her age, did not disclose a previous employer, falsely represented that she had never applied for work with Hercules before, and untruthfully stated that she had completed two quarters of study at a technical college. On her application for group insurance coverage, she misrepresented the age of her son, who would otherwise have been ineligible for coverage as her dependent. Hercules defended the suit by stating that if it known of the lies, it would have terminated her employment anyway. What should the court decide? Discuss.

Consider how health insurance affects the quantity of health care services performed. suppose that the typical medical procedure has a cost of $160, yet a person with health insurance pays only $40 out of pocket. her insurance company pays the remaining $120. (the insurance company recoups the $120 through premiums, but the premium a person pays does not depend on how many procedures that person chooses to undergo.) consider the following demand curve in the market for medical care. use the black point (plus symbol) to indicate the quantity of procedures demanded if each procedure has a price of $160. then use the grey point (star symbol) to indicate the quantity of procedures demanded if each procedure has a price of $40. q d at p=$160 q d at p=$40 0 10 20 30 40 50 60 70 80 90 100 200 180 160 140 120 100 80 60 40 20 0 price of medical procedures quantity of medical procedures demand if the cost of each procedure to society is truly $160, the quantity that maximizes total surplus is procedures. economists often blame the health insurance system for excessive use of medical care. given your analysis, the use of care might be viewed as excessive because consumers get procedures whose value is than the cost of producing them.

Your grandmother told you a dollar doesn't go as far as it used to. she says the purchasing power of a dollar is much lesser than it used to be. explain what she means. try and use and explain terms like inflation and deflation in your answer.

Money from an allowance or job is known as .