One of the provisions of the Patient Protection and Affordable Care Act (ACA) is that in 2017, someone without health insurance was fined $695 or 2.5 percent of their income, whichever amount was higher. A growing number of younger and healthier people
chose to pay the fine and not purchase health insurance, which resulted in
A) many additional insurance companies joining the ACA-established insurance marketplaces.
B) some insurance companies leaving the ACA-established insurance marketplaces.
C) the government tripling the fines for not purchasing health insurance.
D) the total repeal of the ACA.
Answer: B
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The alternate-section provision was designed to:
a. allow the government to share in increased land values resulting from railroad building. b. encourage private businesses to locate along railroad routes. c. discourage farmers from cultivating crops near railroad routes. d. make railroad stations more accessible to families.
Refer to the following figure showing demand and marginal revenue for a monopoly.
At any price above $________ demand is elastic.
A. $5 B. $15 C. zero D. $20 E. $10
The government should extend the duration of unemployment benefits to those workers who lost their jobs due to outsourcing. This statement is best described as
A. an example of the fallacy of composition. B. a normative statement. C. a positive statement. D. an example of marginalism.
The market demand curve in a perfectly competitive industry is horizontal, while the demand curve faced by an individual perfectly competitive firm is downward sloping
a. True b. False Indicate whether the statement is true or false