The provision of the Patient Protection and Affordable Care Act (ACA) which states that insurance companies are required to participate in a high-risk pool that will insure individuals with pre-existing medical conditions who have been unable to buy
health insurance for at least six months is the ________ provision.
A) individual mandate B) regulation of health insurance
C) state health insurance marketplaces D) employer mandate
B
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In a corporation, the stockholders are the
A) principals. B) agents. C) level coordinators. D) entrepreneurs.
At a price of $20, Daphne sells 35 hand-painted dog collars per week. When she raised her price to $25, she sold 28 per week. Based on this information, the demand for her dog collars is
A) perfectly elastic. B) inelastic. C) elastic. D) unit elastic.
Occupations X and Y employ persons with the same productivity. Workers in the two occupations work the same number of hours per day when on the job. Employment is stable throughout the year in X, while Y is characterized by seasonal layoffs. How will the hourly wage rate and annual earnings compare in the two occupations?
a. Both the hourly wage rate and annual earnings will be higher in X. b. The hourly wage rate will be higher in X, but the annual earnings will be higher for Y. c. Both the hourly wage rate and annual earnings will be higher in Y. d. The hourly wage rate will be higher in Y, but the annual earnings will likely be higher for X.
An In the News article titled "State Lotteries: a Tax on the Uneducated and the Poor" reports that poor people spend a larger percentage of their income on government-promoted gambling than do rich people. On the basis of this information, we can conclude that lotteries function as
A. A property tax. B. A progressive tax. C. An income tax. D. A regressive tax.