What are the main sources of health insurance in the United States?
What will be an ideal response?
The percentage of Americans covered by various types of health insurance are as follows:
Employer provided insurance: 49%.
Medicaid, VA, and Medicare: 36%.
Individual private insurance: 7%.
[Uninsured: 9%.]
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The opportunity cost of a college education includes wages lost while enrolled in school.
Answer the following statement true (T) or false (F)
A firm is said to be a price taker if it:
A) can affect the market price of goods by changing its supply. B) sells as much of any good as it wants at the prevailing market price. C) consults the government before fixing the price of its goods and services. D) is not free to enter a new market or exit from an existing market.
The most important developments that reduced banks cost advantages include
A) the growth of the junk bond market. B) the competition from money market mutual funds. C) the growth of securitization. D) the growth in the commercial paper market.
Which one of the following events will reduce GDP?
a. Mrs. Lee hires a housekeeper. b. You buy the ingredients to bake a loaf of bread, but you burn the bread and throw it away. c. You decide to work five more hours per week at your bookkeeper job, even though you need more time to study. d. An automobile manufacturer lays off 200 workers as the result of a fire in the paint shop.