Which of the following is not one of the ways the PPACA attempts to cover the poor?
A. Requiring larger employers to provide insurance for all of their full-time employees.
B. Providing health care directly to the poor through government-run clinics and hospitals.
C. Subsidizing the purchase of health insurance for those who buy to comply with the
personal mandate.
D. Expanding Medicaid to cover anyone with an income less than 133 percent of the poverty
level.
Answer: B
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The ability to lower the average costs of production as the quantity produced increases is called
a. Economies of scale b. Economies of scope c. Diseconomies of scale d. Diseconomies of scope
One reason the supply of carpenters is greater than the supply of physicians is because:
a. physicians do not belong to a union. b. carpenters demand less income. c. carpenters belong to unions. d. none of the above.
The net exports effect exists because a:
a. higher price level will reduce interest rates and stimulate foreign investment. b. lower price level will make domestically produced exports less expensive relative to foreign goods. c. higher price level will reduce the purchasing power of money. d. lower price level will encourage Americans to import more foreign goods.
Pham can work as many or as few hours as she wants at the college bookstore for $9 per hour. But due to her hectic schedule, she has just 19 hours per week that she can spend working at either the bookstore or at other potential jobs. One potential job, at a café, will pay her $12 per hour for up to 7 hours per week. She has another job offer at a garage that will pay her $10 an hour for up to 5 hours per week. And she has a potential job at a daycare center that will pay her $8.50 per hour for as many hours as she can work. If her goal is to maximize the amount of money she can make each week, how many hours will she work at the bookstore?
a. 4 hours b. 7 hours c. 12 hours d. 16 hours