Which of the following is a predictable impact of the Patient Protection and Affordable Care Act?
a. A reduction in the prices of health care services.
b. A reduction in total expenditures on health care.
c. An increase in the number of part-time employees relative to full-time workers.
d. A lower overall rate of unemployment.
C
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Security personnel are an important input into the production of major concerts, such as Lady Gaga, and Jay Z & Kanye West. If wages for security personnel rise, then we would expect
A) the supply of major concerts to be unaffected. B) the supply of major concerts to decrease. C) the supply of major concerts to increase. D) the demand for major concerts to increase.
Recent proposals to allow the Social Security trust fund to invest in the stock market (instead of buying government bonds) are based on the premise that
A) the returns to stocks are higher than the returns to bonds. B) the returns to stocks aren't as risky as the returns to bonds. C) the transactions costs for investing in stocks are lower than the transactions costs for investing in bonds. D) stocks are more liquid than bonds.
A _________ is an agreement under which stockholders of several formerly-competing companies turn over their shares to a group that exercises voting control over the companies
a. trust b. gentleman's agreement c. holding company d. pooling arrangement
The slope of the consumption function is also known as
a. the consumption ratio b. the average propensity to consume c. autonomous consumption spending d. the marginal propensity to consume e. multiplying propensity to consume