Some policy makers would like us to believe several myths about employer-sponsored insurance. Which of the following statement is not a myth, but true?
a. Under ESI, employers pay the health insurance premium.
b. Like all business expenses, employers pass on the cost of ESI to customers as higher prices and workers as lower wages.
c. Employer mandates lead to the creation of more higher-paying jobs in the service sector of the economy.
d. Health benefits are a free employee benefit under ESI.
b. Like all business expenses, employers pass on the cost of ESI to customers as higher prices and workers as lower wages.
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Michigan recently did away with property taxes. Alternative funding for schools could come from
a. a lottery system. b. an increase in sales tax and income tax. c. an increase in corporate taxes. d. All of the above are correct.
The rate of output that maximizes profit for a monopolist can be found where ________
a. average revenue equals marginal cost b. price equals marginal cost c. marginal revenue equals marginal cost d. total revenue is maximized
A diversified portfolio is comprised of
A) a broad range of various types of assets. B) government bonds issued by federal, state and local governments. C) corporate stocks of several companies in the same industry. D) a diverse set of corporate bonds.
Suppose a saver is looking for the opportunity to make a very large return in a very short period of time. Would you recommend diversification for this individual?
What will be an ideal response?