Which of the following is an individual mandate in the new the federal government's new national health care program?
A) Under the new program, the federal government will coordinate the establishment of health insurance exchanges.
B) Firms with at least 50 employees must either provide health insurance or pay fines when uninsured employees receive tax subsidies to purchase insurance.
C) A tax rate of 3.8 percent will be assessed on nearly all earnings above $200,000 per year for
individuals and above $250,000 per year for married couples.
D) Nearly all U.S. residents must either purchase health insurance coverage or pay a fine of up to $750 per year for an individual (up to $2,250 per year for a family).
D
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________ involves undertaking an activity until its marginal benefits equal marginal costs
A) Market intervention B) Scarcity reduction C) Central planning D) Marginal analysis
In the early twentieth century, racial segregation of streetcars in the southern cities was largely opposed by
a. streetcar firms. b. government officials. c. Federal lawyers applying the Sherman antitrust laws. d. consumers.
The self-control hypothesis suggests that people:
A. control their spending in order to save more when the real interest rate increases. B. substantially decrease their saving when the real interest rate increases. C. base their spending decisions (and consequently their saving decisions) on spending decisions of others. D. want to save, but lack the discipline to refrain from consuming.
The law of diminishing marginal utility implies that total utility never reaches a maximum.
Answer the following statement true (T) or false (F)