Which of the following is a component of the Patient Protection and Affordable Care Act?
a. Charging a fine to individuals who do not have or want health insurance
b. Requiring employers to buy health insurance from state-run exchanges
c. Requiring employers with 30 or more employees to offer health insurance
d. Charging a fine to doctors who do not participate in health insurance exchanges
a. Charging a fine to individuals who do not have or want health insurance
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What are the key steps for analyzing Demand functions based on Regression results?
What will be an ideal response?
Refer to the graph below for a natural monopoly. Assume the demand for the natural monopoly is originally D1. Now suppose a second firm enters the market and the demand for each firm becomes D2. The result will be
a. profit to rise for both firms.
b. profit to fall for the original natural monopoly firm and a profit to be earned by the new second firm.
c. profits to continue to be enjoyed by the original natural monopoly but a loss for the new second firm.
d. losses for both firms.
What is the economic reasoning behind the proposal to legalize drugs?
a. Legal drugs will greatly increase the supply, which will reduce the price Americans pay to foreign producers of the drugs. b. All forms of government restrictions on behavior are immoral, and ought to be removed. c. Legal drugs will be much cheaper than illegal drugs, which will reduce incentive for crime to obtain money for drugs and to protect drug "businesses." d. Legal drugs will be more expensive than illegal drugs, and the market system will encourage more production, thus lowering the price. e. Dealing with supply is always easier than dealing with demand, and legalization accomplishes that.
Which of the following depository institutions is NOT regulated by a government agency?
A. credit unions B. savings and loan associations C. commercial banks that are not part of the Federal Reserve System D. None of these: All depository institutions are regulated by some government agency.