Economists John Cogan, Glenn Hubbard, and Daniel Kessler have estimated that repealing the tax preference for employer-provided health insurance would
A) increase overall spending on health care as consumers would have to pay a higher price for medical services.
B) reduce spending by people enrolled in these programs by 33 percent.
C) significantly reduce the effectiveness of the health care received by those enrolled in these programs.
D) drive up prices for health care coverage since insurance reimbursements to doctors would be reduced.
B
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Which of the following is a term for an innovative new product or production technology which disrupts the status quo in a market, leading the innovators to earn more income and profits and the other firms to lose income and profits, unless they can come up with their own innovations?
a. disruptive technological change b. disruptive market change c. disruptive trade change d. disruptive transfer change
Business firms are prohibited by law from borrowing money from banks
a. True b. False Indicate whether the statement is true or false
What does a bank do when they have excess reserves?
Which of the following pairs of goods are probably complements?
A. Electricity and natural gas. B. Ketchup and French fries. C. Steak and chicken. D. Butter and margarine.