Author Question: Who is the seller in a primary market and who is the seller in a secondary market? What will be ... (Read 126 times)

clippers!

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Who is the seller in a primary market and who is the seller in a secondary market?
 
  What will be an ideal response?

Question 2

What is special about healthcare that makes it a good provided by the government?
 
  What will be an ideal response?


chjcharjto14

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Answer to Question 1

The corporation issuing a bond or a stock is the seller in a primary market, while anyone who holds a stock or bond can sell in the secondary market.

Answer to Question 2

The government provides healthcare services because the marginal social benefit of healthcare exceeds the marginal benefit perceived by its consumers, Consumers underestimate the benefit of healthcare because they underestimate the health risks they face. They also underestimate their future needs for healthcare. And some people cannot afford the healthcare they need. For these reasons the majority of voters want healthcare to be available on need rather than on the ability and willingness to pay



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