Under Obamacare, residents who do not have health insurance that meets certain basic requirements are subject to a tax penalty
Indicate whether the statement is true or false
TRUE
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Use the following table to answer the next question. The base year is 2007. Hot DogsBaseballsBottles of SodaYearPriceQuantityPriceQuantityPriceQuantity2005$2.00100$5.0050$2.0010020064.001005.001002.0015020076.001005.001002.0020020088.001508.002004.00200200910.0020010.002004.00250Real GDP (constant dollars) for 2005 equals ________.
A. $1500 B. $1050 C. $650 D. $100
The cheap foreign labor argument is a poor reason for restricting international trade because
a. the labor productivity of workers who are paid less is lower than the labor productivity of those who are paid more b. all firms and workers gain when there are no restrictions on international trade c. infant industries such as steel and automobiles need to be protected d. specialization and free trade usually raise the prices of all traded goods, so that the workers are paid more e. long run labor costs tend to be the same worldwide because of workers' mobility
Jack buys a computer from Sam, knowing fully well that the technology used in it is obsolete. In this case, the trade is
a. beneficial to both parties. b. beneficial only to Sam. c. beneficial only to Jack. d. not beneficial to either of them.
One issue with using lifetime earnings as a proxy for human life is that it treats upper-income jobs and hence individuals in those jobs as more valuable than lower-income individuals.
Answer the following statement true (T) or false (F)