Which of the following is a part of the "employer mandate" provision of the Patient Protection and Affordable Care Act (ACA)?
A) Every firm with more than 3 full-time employees must offer health insurance to its employees and must automatically enroll them in the plan.
B) Small businesses with fewer than 50 employees are exempt from being required to participate in the program.
C) Firms with 50 or more full-time employees must offer health insurance or pay a fee up to $3,390 to the federal government for every employee who receives a tax credit from the federal government for obtaining health insurance through a health insurance marketplace.
D) Every resident of the United States must have health insurance that meets certain basic requirements.
Answer: C
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Figure 6-1
In Figure 6-1,
A. D1 is more elastic than D2 below P2 and less elastic above P2. B. D1 is less elastic than D2 at all prices. C. D2 is less elastic than D1 at all prices. D. D2 is more elastic than D2 above P2 but less elastic below P2.
The Keynesian theory implied the relationship between inflationary pressures and the level of unemployment; further research proved this relationship and it was coined the _________ curve.
a. Phillips b. Keynesian c. Say d. inflation
If we assume a ten percent required reserve rate, and banks not holding any excess reserves and no change in currency holdings, an open market sale of $5 million of U.S. Treasury securities by the Fed, will result in deposits:
A. decreasing by $50 million. B. increasing by $5 million. C. not changing. D. increasing by $50 million.
A protectionist policy restricts free trade.
a. true b. false