In the United States in 2014, the percentage of firms that employed between 3 and 199 workers and did not offer health insurance as a fringe benefit to the workers was about
A) 2%. B) 46%. C) 61%. D) 98%.
B
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The expenditure approach values ________ and the income approach values ________
A) goods and services at market prices; goods and services at factor prices B) services only at factor prices; goods only at market prices C) only goods at market prices; only services at factor prices D) goods and services at market prices; services at factor prices E) goods and services at factor prices; goods and services at market prices
The above figure shows the reaction functions for two pizza shops in a small isolated town. The perfect competitive outcome is that
A) each firm produces 40 pizzas. B) each firm produces 50 pizzas. C) the firms split the production of 200 pizzas. D) each firm produces 200 pizzas.
If trade policies change, then we would expect aggregate expenditure to:
A. remain constant. B. depends on the policy. C. decrease. D. increase.
On the modern Phillips curve, the initial impact of productivity improvements that lower the costs of production is shown by ________
A) an upward movement along the Phillips curve to a higher inflation rate B) an upward shift of the Phillips curve leading to higher inflation rates for any unemployment rate C) a downward shift of the Phillips curve leading to lower inflation rates for any unemployment rate D) a downward movement along the Phillips curve to higher unemployment rates E) none of the above