The Congressional Budget Office estimates that the Patient Protection and Affordable Care Act (ACA) will increase government spending
A) by more than the additional taxes and fees enacted under the law will bring in.
B) by less than $50 billion over the next decade.
C) by about $2 trillion over 10 years.
D) by more than $20 trillion dollars over the next 5 years.
C
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Fill in the blank: Since millions of people now use email as opposed to traditional "snail mail," the price elasticity of demand for the Post Office's first class letter service tends to ________
A) decrease B) increase C) increase in the short run but then decrease in the long run D) leave unchanged
Our measurement of output per worker is called:
A. productivity. B. production growth rate. C. nominal output. D. None of these is true.
Income that is received but not earned is known as
a. transfer payments b. personal income c. national income d. disposable income e. depreciated income
A corrective tax is intended to: a. cover the costs of negative externalities
b. increase the private benefits of consumption. c. increase the deadweight loss caused by negative externalities. d. increase the deadweight loss caused by positive externalities.