Introduction to Economics - Dissertation Example

Introduction to Economics Real e agents have little incentive to get their s the highest price. The extra commission that the real agent collects from their customers is not usually enough to motivate them to go through the stress of looking for buyers that would buy the property at the highest price possible. The fact that the owners are always hasty to sell their properties means that the real estate agents would have a limited time to get them the highest price and would only be compelled to sell the properties at a moderate price.

The misaligned interest that exists amongst the property owners and the real estate agent is also a factor that would not motivate the agents to get them the highest price (O'Sullivan, Sheffrin & Perez, 2010). There are several advantages and disadvantages of low-cost health insurance. The advantage of low-cost health insurance is that it would help cater for the health needs of lots of people, it would also make the poor people and the elderly people benefit from the programs, the low-cost insurance program would also save the people from the financial hardships that is caused by the high-cost insurance schemes.

The disadvantage of the low-cost health insurance program is that it might not really cover the costs associated with the healthcare of the people as it has several limitations. The reason that people invest in low-cost health insurance program is due to the fact that these set of people live on low-income earnings and they are compelled to invest in low-cost health insurance schemes that would cover their entire household. The poverty level of different countries is also the reason that these people invest in low-cost health insurance programs (O'Sullivan, Sheffrin & Perez, 2010).

The reason for the golf boom that is experienced in China is not far-fetched. The reason for the golf boom is due to the commitment of the Chinese government towards developing the sport. The golf boom is also connected with the reintroduction of golf as an Olympic sport in 2009 and the Chinese government hopes that its golfers would be among the top contenders in the Olympics. The growth of the Chinese economy has also produced more rich people in the country and the fact that the game of golf is a game of the rich shows the reason for the golf boom that China is currently experiencing.

The government has also made efforts to build more golf courses and a country that invests in a particular field would definitely yield returns (O'Sullivan, Sheffrin & Perez, 2010) and this is the reason for the golf boom in China. The need to cut down the rate at which the Chinese industries emit greenhouse gases would make the Chinese government invest in alternative source of energy. This would make the Chinese government invest in photovoltaic cells that would be used in generating electricity to fuel the Chinese economy.

The Chinese government would also invest in the production of electric and hydrogen-powered vehicles. This would not only benefit the Chinese population, but would also be exported to other parts of the world. Thus, the next big boom in China would likely be in the area of alternative source of energy and automobile, specifically the mass manufacture and sales of photovoltaic cells and the hydrogen-powered vehicles. Reference O'Sullivan, A., Sheffrin, S., & Perez, S. (2010). Survey of economics: Principle and tool custom edition (4th ed.). New Jersey: Prentice Hall