Under the Patient Protection and Affordable Care Act (ACA), individuals who do not have health insurance will be subject to a fine
Indicate whether the statement is true or false
TRUE
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When scarce resources can serve only one user at a time in sequence, which method works well for allocating the scarce resources?
A) first come, first served B) lottery C) contest D) command system
A decrease in the incomes of people who buy canoes would cause the demand for canoes to decrease
Indicate whether the statement is true or false
Division of labor increases productivity because
a. tasks can be assigned according to individual tastes and abilities b. workers who repeatedly perform the same tasks become bored c. each worker must learn each of the numerous tasks in the total production process d. specialization of labor allows for the introduction of cheaper, less sophisticated production techniques e. managers can force workers to produce goods that are valued more highly than the costs of producing them.
The average percentage markup in the economy
a. is greater, the more competitive are market conditions b. is greater, the less competitive are market conditions c. is unaffected by the competitive conditions of the economy d. tends to be highly unstable from year to year e. tends to be stable from year to year, ensuring that the price level is stable from year to year