If total spending is less than the value of total output, firms
a. may decide to cut prices.
b. may increase production levels.
c. will tend to raise prices.
d. will notice inventories falling.
a
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Which of the following is not part of the "regulation of health insurance" provision of the Patient Protection and Affordable Care Act (ACA)?
A) Individuals with pre-existing medical conditions are able to acquire health insurance. B) All policies must provide coverage for dependant children up to age 26. C) Limits on the size of deductibles and on waiting periods before coverage takes effect have been eliminated. D) Lifetime dollar maximums on coverage are prohibited.
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Indicate whether the statement is true or false
Explain in detail how the legalization of marijuana would be expected to impact the supply, demand, equilibrium price and quantity for marijuana
Budget A consists mostly of food, health care and an apartment and Budget B is made up largely of Food, Entertainment, and Travel. If inflation is estimated by the consumer price index which includes all the items listed above and travel and healthcare had the biggest jump in prices, which of the following is true?
A. Budget A will likely have a less accurate estimate than budget B B. There should be no bias in this case because of the simple budget components C. Budget B will likely have a less accurate measurement than budget A D. Inflation will be equally biased for both budgets