All of the following are key features of the new the federal government's national health care program EXCEPT
A) people must either purchase health insurance or pay a fine to the federal government.
B) a young person in good health can opt not to purchase health insurance without penalty.
C) firms with at least 50 employees must either provide health insurance or pay fines when uninsured employees receive tax subsidies to purchase insurance.
D) government-directed exchanges will assist in matching individuals and small businesses with health insurance policies that satisfy government requirements.
B
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Explain why specialization and trade increases a country's overall level of consumption
What will be an ideal response?
Labor productivity tends to fall as the capital to labor ratio rises
a. True b. False Indicate whether the statement is true or false
There are at least ______ factors in addition to price that affect demand.
a. three b. four c. five d. two
Assume that this graph illustrates a perfectly competitive labor market.
Suppose a minimum wage law required the wage to be at least $20 per hour in this market. If that happened, then:
A. there would be excess demand for person-hours. B. there would be an excess supply of person-hours. C. there would be no change in the equilibrium number of person-hours. D. the demand for person-hours would shift to the right.