Which of the following was NOT a key feature of the Affordable Care Act, signed by President Obama in 2010?
A. A requirement that almost everyone have health insurance or pay a fine
B. Tax credits and subsidies to help low-income families buy health insurance
C. A rule preventing insurers from denying coverage because of preexisting conditions
D. Panels of government doctors to review and approve major health care purchases
Answer: D
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A country experiencing a debt or currency crisis would contact the World Bank
Indicate whether the statement is true or false
When adult children return to their parents' home to live, it is called:
a. Boomeranging b. Cocooning c. Burnout d. Adaptation
Suppose the supply of coal is perfectly inelastic, and the price elasticity of demand for coal is -0.4. If the government imposes a binding price ceiling for coal at a price that is 20 percent below the market equilibrium price, what is the impact of this policy on the market quantity?
A. Excess demand equals 16 percent of the market equilibrium quantity. B. Excess demand equals 80 percent of the market equilibrium quantity. C. The policy does not affect the market quantity. D. Excess demand equals 8 percent of the market equilibrium quantity.
Other things being equal, the relationship between price and quantity supplied is
A. negative. B. positive. C. non-existent. D. constant.