What is Medicaid?
What will be an ideal response?
Medicaid goes to qualified low-income people, including the elderly, blind, persons with disabilities, children, and adults with dependent children. States fund about 42% and the federal government the remainder. Less than one-half of people living at poverty level are covered by Medicaid.
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The straight-line production possibilities curve introduced in the text
A) is not subject to increasing opportunity costs. B) fails to reflect tradeoffs. C) fails to benefit trading nations. D) refutes the principles of comparative advantage. E) All of the above.
Comparative advantage can change over time
Indicate whether the statement is true or false
An implication of the downward slope of the demand curve for a monopolistic competitive firm is that
A) its marginal revenue curve slopes upward. B) its marginal revenue curve is the same as the demand curve. C) its marginal revenue curve slopes downward but lies above the demand curve. D) its marginal revenue curve slopes downward but lies below the demand curve.
How do the suppliers of capital and the users of capital connect?
A. Through the Fed discount window B. Through government agencies C. Through private one-on-one transactions D. Through the use of a financial intermediary