What is the problem that Obamacare seeks to solve and how does the solution work?
What will be an ideal response?
The Patient Protection and Affordable Care Act, or Obamacare, attempts to overcome the problem of too many people who do not have health insurance. It seeks to make quality, affordable, private health-insurance plans available for those currently uninsured and to stop insurance companies from denying coverage of pre-existing conditions, This act created a Health Insurance Market in which subsidized health insurance is provided. On the supply-side of the market are private healthcare insurance companies. On the demand-side are individuals. Many of the consumers qualify for subsidies which lower the cost to them of the healthcare insurance. By reducing the price, the act increases the number of people with healthcare insurance.
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Use the following information to answer the next question.C = A + .875(Y - T)A = $10,000I = $2,000G = $2,500T = $1,000NX = $1,025What will be the change in consumption if net exports decrease by $250?
A. Consumption will not change. B. Consumption will fall by $1,750. C. Consumption will rise by $218.75. D. Consumption will fall by $250.
It seems quite possible that cigarette companies concealed information about the effects of smoking on health, causing cigarette prices to be __________ and cigarette sales to be __________ than would have been the case under symmetric information.
A. higher; higher B. higher; lower C. lower; higher D. lower; lower
The rise in output of corn and wheat was achieved more by increasing acres farmed than by raising output per acre
Indicate whether the statement is true or false
Data from the Bureau of Labor Statistics show that consumer spending on medical care is about equal to consumer spending on housing
a. True b. False Indicate whether the statement is true or false