Which of the following is not part of the "regulation of health insurance" provision of the Patient Protection and Affordable Care Act (ACA)?
A) Individuals with pre-existing medical conditions are able to acquire health insurance.
B) All policies must provide coverage for dependant children up to age 26.
C) Limits on the size of deductibles and on waiting periods before coverage takes effect have been eliminated.
D) Lifetime dollar maximums on coverage are prohibited.
C
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Suppose that when disposable income increases by $1,000, consumption spending increases by $750. Given this information, we know that the marginal propensity to consume (MPC) is
A) .25. B) .75. C) $1,000/$750 = 1.33. D) 1/.25 = 4.
Economic growth caused by increased employment creates a trade-off between income and
a. present-day living standards b. research and development expenditures c. investment in physical capital d. future living standards e. leisure time
The other name for the National Labor Relations Act of 1935 is
A) the Wagner Act. B) the Taft-Hartley Act. C) the Clayton Act. D) the Wheeler-Lea Act.
You are thinking of purchasing a 5-year bond, with a face value of $8,000 . on the secondary bond market. The bond was issued three years ago, so it will mature two years from today. If the interest rate is 10 percent (0.10) per year, what is the value of the bond?
a. $6,611.57 b. $8,000.00 c. $4,967.37 d. $6,010.52 e. $7,272.73