All of the following are part of the "state health insurance marketplaces" provision of the Patient Protection and Affordable Care Act (ACA) except
A) each state is required to establish an Affordable Insurance Exchange.
B) small businesses with fewer than 50 employees are exempt from being required to participate in the program.
C) low-income individuals are eligible for tax credits to offset the costs of buying health insurance.
D) the marketplaces offer health insurance policies that meet certain specified requirements.
Answer: B
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Purchasing power parity may not hold in practice due to all of the following except
A) transportation costs. B) cross-country differences in environmental regulations. C) trade barriers like tariffs and quotas. D) the existence of non-traded goods.
An income tax will have zero welfare cost when an individuals labor supply curve is perfectly inelastic _____
a. always b. never c. only if the income effect is zero d. only if the substitution effect is zero
Suppose you play a round of golf costing $75. The golf takes four hours to play. If you were not playing golf you could be working and earning $40 per hour. The opportunity cost of your golf game is:
a) $75. b) $235. c) $155. d) $160.
Suppose consumers save 17 percent of their incomes. If the government collects 10 dollar in taxes from each taxpayer and invested it in infrastructure, total social investment will ________ per taxpayer.
A. increase by $10.17 B. increase by $8.30 C. decrease by $1.70 D. decrease by $8.30