Major criticisms against the Patient Protection and Affordable Care Act (PPACA) include the following arguments, except:
A. It would lead to greater inefficiencies in health care, and overconsumption might even increase
B. It is very costly, and the revenue sources cited in the Act would not be sufficient to cover future expenses
C. It still does not cover everyone in the nation, and there will still be significant numbers of Americans left uninsured
D. It might be the first step towards a socialized health insurance system where market forces will have no role in rationing health care
C. It still does not cover everyone in the nation, and there will still be significant numbers of Americans left uninsured
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Refer to the table below. If the cost per unit of advertising is constant at $750, what is the level of advertising per week that maximizes the industry joint profit?
Suppose the egg industry is made up of only the three farms above; Happy Chickens, Special Chickens, and Superior Chickens.
A) 4
B) 2
C) 3
D) 1
Which of the following would probably not be considered a natural monopoly?
a. a municipal water company b. the local telephone industry c. the cable television industry d. natural gas and electric companies e. the automobile industry
Three economic questions must be determined in all societies. What are they? a. How much will be produced? When will it be produced? How much will it cost?
b. What will the price of each good be? Who will produce each good? Who will consume each good? c. What is the opportunity cost of production? Does the society have a comparative advantage in production? Will consumers desire the goods being produced? d. What goods will be produced? How will goods be produced? Who will get the goods produced?
The Federal Deposit Insurance Corporation was created to ensure that savings and loan associations would be guaranteed as safe as banks
Indicate whether the statement is true or false