Economists John Cogan, Glenn Hubbard, and Daniel Kessler have estimated that ________ the tax preference for employer-provided health insurance would reduce spending by people enrolled in these programs by 33 percent
A) enacting B) cutting in half C) repealing D) doubling
C
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Which of the following are examples of voluntary risks?
a. driving an automobile d. (a) and (b) only b. smoking cigarettes e. all of the above c. being struck by lightning
The market for unskilled labor is illustrated in the figure above. The market is in equilibrium and then a minimum wage of $3 per hour is imposed. Unemployment will equal
A) 0 hours. B) 10 million hours per year. C) 20 million hours per year. D) 30 million hours per year.
A linear demand curve:
A. has a constant elasticity. B. will be more elastic when price is low and more inelastic when price is high. C. must be either perfectly inelastic or perfectly elastic. D. has a constant slope.
Which of the following doesn't characterize the properties of a dollar:
A. can reflect the cost of living in terms of the goods it can purchase. B. has no worth itself, but represents goods we can buy with it. C. changes in value over time. D. it has a fixed value that doesn't change over time.