How will the federal government's new national health care program be funded?
A) The federal government will charge all participants of health insurance exchanges 3.8%.
B) Firms with at least 50 employees must pay an annual fine of up to $750 per employee regardless of coverage.
C) A tax rate of 3.8 percent will be assessed on nearly all earnings above $200,000 per year forindividuals and above $250,000 per year for married couples.
D) Nearly all U.S. residents will pay a fine of up to $750 per year for an individual (up to $2,250 per year for a family) regardless of coverage.
Answer: C
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What will be an ideal response?
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A firm competing in a perfectly competitive labor market desires to maximize
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