When health insurance is purchased primarily through one's employer,
a. direct purchase of health insurance becomes cheaper.
b. the benefits of the healthcare insurance are fully taxable.
c. it is more costly for employees to switch jobs and move to areas where jobs are available.
d. the overall number of people without health insurance decreases.
C
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Currently an economy is producing at a point on its production possibilities frontier for goods X and Y. It is producing 100 units of good X and the opportunity cost of producing 1X is 3Y. If good X is produced at increasing opportunity costs, then when the economy produces 120 units of good X (on the same PPF) the opportunity cost of producing 1X would be ______Y.
a) greater than 3 b) 2.5 c) 2 d) 1
The exchange rate converts
a. one currency value to another b. labor units to output units c. miles to kilometers d. physical capital units to human capital units e. none of the above
Khalid’s country is small and lacks abundant natural resources. Which of the following is most likely true about economic growth in Khalid’s country?
a. Khalid’s country should have economic growth at approximately the same rate as a country with abundant natural resources. b. Meaningful and sustained economic growth is highly unlikely for Khalid’s country. c. The lack of natural resources poses an obstacle to initial development, but the country’s economy can still grow. d. Khalid’s country will remain poor even if its neighbors enjoy economic growth and prosperity.
The definition of the adult population is those who are 16 years and older and who are
A. employed or unemployed. B. in the labor force or not in the labor force. C. in the labor force. D. not in the labor force.