By 2015, spending on federal health care programs such as Medicare and Medicaid had grown to 6 percent of GDP
Indicate whether the statement is true or false
TRUE
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All of the following are part of the "regulation of health insurance" provision of the Patient Protection and Affordable Care Act (ACA) except
A) limits on the size of deductibles and on waiting periods before coverage takes effect have been eliminated. B) lifetime dollar maximums on coverage are prohibited. C) all policies must provide coverage for dependant children up to age 26. D) individuals with pre-existing medical conditions are able to acquire health insurance.
The decrease in consumption and investment interest-related spending that occurs when the interest rate rises as government spending increases is called:
A) crowding in. B) crowding out. C) neutral. D) none of the above.
A diversified portfolio represents a disadvantage to small investors since it requires large amounts of money to set up.
Answer the following statement true (T) or false (F)
Refer to Figure 7.4. This isoquant exhibits:
A. increasing MRTSLK as we move to the southeast along the isoquant.
B. declining MRTSLK as we move to the northwest along the isoquant.
C. constant MRTSLK as we move along the isoquant.
D. declining MRTSLK as we move to the southeast along the isoquant.