Which of the following statements is correct?
A. Limited access to the health care system is a major cause of rising health care costs.
B. Rising health care costs are a major cause of limited access to the health care system.
C. Rising health care costs have forced employers to raise real wages above labor
productivity.
D. The tax subsidy that government provides for health care causes health care to be
underconsumed.
Answer: B
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What would be the opportunity cost of a child using a coupon for a free ice cream cone?
A. The dollar cost of the cone he or she selected B. The other types of ice cream he or she could have selected C. Zero, because the good was not a durable good D. Zero, because the good was free
The Congressional Budget Office estimates that the additional taxes and fees enacted under the ACA will not even cover half of the true cost of the ACA
Indicate whether the statement is true or false
The slope of a straight line
A) is the same at all points along that line. B) cannot be defined. C) changes from one point to the next on that line. D) is always equal to zero.
Which of the following will NOT cause the public debt to change?
A. government budget surplus B. government budget deficit C. an amount of tax collection by the government more than it spends D. balanced budget