The unemployed are disproportionately represented among the uninsured because:
A. one must be working to qualify for Medicaid.
B. most workers obtain health insurance through their employers.
C. most are young and in excellent health, so they choose not to purchase health insurance.
D. a large percentage of the unemployed are heads of single-parent families.
Answer: B
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Indicate whether the statement is true or false
Economic discrimination and prejudice
a. are synonymous. b. must both exist in statistical discrimination. c. often occur together. d. are mutually exclusive.
If firms in a competitive price-searcher market are currently earning economic losses, then in the long run,
a. new firms will enter the market, and the current firms will experience a decrease in demand for their products until zero economic profit is again restored. b. new firms will enter the market, and the current firms will experience an increase in demand for their products until zero economic profit is again restored. c. some existing firms will exit the market, and the remaining firms will experience an increase in demand for their products until zero economic profit is again restored. d. some existing firms will exit the market, and the remaining firms will experience a decrease in demand for their products until zero economic profit is again restored.
When inflation rises, firms make
a. more frequent price changes. This raises their menu costs. b. more frequent price changes. This reduces their menu costs. c. less frequent price changes. This raises their menu costs. d. less frequent price changes. This reduces their menu costs.