Less restrictive immigration policies would shift the labor demand to the right
Indicate whether the statement is true or false
F
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All of the following are part of the "individual mandate" provision of the Patient Protection and Affordable Care Act (ACA) except
A) individuals who do not acquire health insurance will be subject to a fine. B) with limited exceptions, every resident of the United States will be required to have health insurance that meets certain basic requirements. C) in 2016, fines for not having health insurance are the greater of $695 per person or 2.5 percent of income. D) individuals were allowed to opt out of the insurance program if they could prove they had no serious health issues and did so before the act fully took effect in the year 2014.
Figure 4-8
Refer to . The supply curve S1 and the demand curve D indicate initial conditions in the market for soft coal. A $40-per-ton tax on soft coal is levied, shifting the supply curve from S1 to S2. Which of the following states the actual burden of the tax?
a.
$10 for buyers and $30 for sellers
b.
$30 for buyers and $10 for sellers
c.
The entire $40 falls on sellers.
d.
The entire $40 falls on buyers.
Last year the local government in Spring Town collected one million dollars in revenue from a new tax, but it created a deadweight loss of 500 thousand dollars. What does this tell us?
a. Lost consumer and producer surplus equaled 1.5 million dollars. b. Total consumer and producer surplus equaled 1 million dollars. c. Consumer and producer surplus each equaled half a million dollars. d. The tax increased net welfare by 2 million dollars.
If the interest rate is 5 percent, the present value of $200 received at the end of five years is:
A. $132.62. B. $176.41. C. $121.34. D. $156.71.