Which of the following is not part of the "individual mandate" provision of the Patient Protection and Affordable Care Act (ACA)?
A) In 2016, fines for not having health insurance are the greater of $695 per person or 2.5 percent of income.
B) With limited exceptions, every resident of the United States is required to have health insurance that meets certain basic requirements.
C) Individuals who do not acquire health insurance will be subject to a fine.
D) Individuals are allowed to opt out of the insurance program if they can prove they have no serious health issues.
D
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Why is the Fed referred to as the "lender of last resort"?
What will be an ideal response?
The CPI in 2010 was 218, while the CPI in 1980 was 82. If you had $5,000 in 1980, its equivalent purchasing power in 2008 would be $10,850
Indicate whether the statement is true or false
What would be an example of consumption good?
A) Antonio, the manager of the local Taco Hut, purchases a new deep fryer. B) The local driver's license office purchases a new digital camera and printer. C) Rhianna gets a haircut. D) Jake buys an iPhone. E) Donald Trump purchases furniture for his office.
Using Figure 2 below, suppose that the economy started at PAE2. A potential change that could cause the economy to go from PAE2 to PAE1 might be:
A. wealth level decreases.
B. interest rates decrease.
C. expected profitability of investments increase.
D. domestic income decreases.