Related to the Economics in Practice on page 359: The individual mandate feature of the Affordable Care Act potentially broadens the pool of people who are in the health insurance market, and this should ________ the problem of adverse selection.
A. lessen
B. increase
C. have no impact on
D. eliminate
Answer: A
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The above figure shows the U.S. market for 1 carat diamonds. The free trade, the price in the United States for diamonds is equal to ________ and with the quota illustrated in the figure, the price in the United States is equal to ________
A) $2,000; $4,000 B) $2,000; $3,000 C) $4,000; $3,000 D) $4,000; $2,000 E) $2,000; $2,000
Latin American economies have become relatively more closed to international trade since 1985
Indicate whether the statement is true or false
Why is a monopolist a price maker?
What will be an ideal response?
The euro is a composite currency; its value is an average of the changing values of several national currencies
a. True b. False Indicate whether the statement is true or false