Since nearly a third of all people between the ages of 18 and 24 are uninsured, does it make sense to impose a surcharge for medical services to this cohort?
What will be an ideal response?
It does not make sense to have a medical surcharge for this group since they are already less
likely to use medical services. Programs designed to increase healthy lifestyles might be a
viable alternative.
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Name two actions that a government could take if it wants to implement an expansionary fiscal policy
What will be an ideal response?
Regular and organic vegetables are substitutes. A rise in the price of organic vegetables, other things constant, would tend to
A) reduce the demand for regular vegetables. B) increase the demand for regular vegetables. C) have no effect on the demand for regular vegetables. D) have no effect on the quantity demanded of organic vegetables.
A decrease in price causes:
A. a price effect, which is an increase in revenue that results from receiving a lower price for each unit sold. B. a decrease in quantity demanded. C. a quantity effect, which is an increase in revenue that results from selling fewer units of the good. D. both a price effect and quantity effect.
How does the fact that imports vary directly with GDP affect the stability of the domestic economy?
What will be an ideal response?