In 2009, C was closest to, but under
A. $4 trillion
B. $6 trillion
C. $80 billion
D. over $10 trillion
D. over $10 trillion
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?Each economic model can be applied to many different real-world problems.
Answer the following statement true (T) or false (F)
Which of the following is an employer mandate in the new the federal government's new national health care program?
A) Under the new program, the federal government will coordinate the establishment of health insurance exchanges. B) A tax rate of 3.8 percent will be assessed on nearly all earnings above $200,000 per year for individuals and above $250,000 per year for married couples. C) Firms with at least 50 employees must either provide health insurance or pay fines when uninsured employees receive tax subsidies to purchase insurance. D) Nearly all U.S. residents must either purchase health insurance coverage or pay a fine of up to $750 per year for an individual (up to $2,250 per year for a family).
Price takers face a perfectly inelastic demand curve
Indicate whether the statement is true or false
When collective decision making is utilized to resolve economic questions regarding the allocation of resources, then: a. everyone will receive an equal share of the output produced
b. the preferences of individuals are of no importance. c. economic efficiency will be assured. d. the role of markets will be replaced by political decision making.