Which of the following is not part of the "individual mandate" provision of the Patient Protection and Affordable Care Act (ACA)?
A) Individuals are allowed to opt out of the insurance program if they can prove they have no serious health issues.
B) In 2017, fines for not having health insurance are the greater of $695 per person or 2.5 percent of income.
C) Individuals who do not acquire health insurance will be subject to a fine.
D) With limited exceptions, every resident of the United States is required to have health insurance that meets certain basic requirements.
Answer: A
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The most rapid expansion in the use of electricity was in the period from
A. 1900-1910. B. 1910-1920. C. 1920-1930. D. 1930-1940.
Refer to Figure 3-2. An increase in price of inputs would be represented by a movement from
A) A to B. B) B to A. C) S1 to S2. D) S2 to S1.
Ingrid's Ice cream Parlor has an own price elasticity of 5 . It has an approximate share of 10% in the market for ice cream. What is the aggregate own price elasticity of the market?
a. 0.1% b. 0.5% c. 0.7% d. 1%
Which of the following quotations best captures the idea of opportunity cost?
a. "Opportunity knocks but once." b. "Every choice involves a sacrifice." c. "Let's not ask for the moon; we have the stars." d. "Fools rush in where wise men fear to tread." e. "All that glitters is not gold."