How does the PPACA cover those individuals without health insurance and the poor?
What will be an ideal response?
The PPACA tries to provide health insurance to those without coverage or with low incomes through the employer mandate, the extension of Medicaid to people with incomes less than 133 percent of the poverty level, and by subsidizing the purchase of health insurance for the those low-income individuals who have to buy their own insurance.
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What effect has the presence of federal deposit insurance had on the banking industry?
A) Banks have made it more difficult for customers to qualify for loans. B) Depositors have become more vigilant in monitoring the decisions made by managers of their banks. C) Banks have made riskier loans. D) Banks now hold more excess reserves.
Overfishing leading to a rapid depletion of the stock of fish is an example of ________
A) the tragedy of the commons B) the free-rider problem C) the paradox of thrift D) the prisoners' dilemma
Since housing generally represents a large part of most household budget, the elasticity of demand for housing is likely to be large.
Answer the following statement true (T) or false (F)
When a household owns shares of stock, _____
a. it has ownership rights in that firm b. it is entitled to the majority of the firm's profits c. it is liable to bear the entire loss faced by the firm d. it can consume the firm's products without paying for it e. it is responsible for correcting any defect in the product identified by the customers