Insurance exchanges:
A. are government-regulated markets where individuals can purchase health insurance to
satisfy the personal mandate provision of the PPACA.
B. are expected to significantly increase health care costs by expanding government
regulation.
C. are government-regulated markets where prices are set directly by federal regulators.
D. allow patients to get medical treatment when away from the providers covered by their
regular health insurance.
Answer: A
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How would the elimination of a sales tax affect the market for a product that had been subject to the tax?
A) The equilibrium price for the product would fall by less than the amount of the tax. B) The reduction in government revenue from the tax would be made up by an increase in property taxes. C) The supply of the product would become more elastic. D) The demand for the product would rise and the equilibrium price would fall by the amount of the tax.
The demand for bonds curve slopes downwards because
A) at higher prices, bonds pay higher interest which makes them more attractive to buyers. B) lower prices reduce the cost of borrowing which makes them less attractive to buyers. C) at lower prices, bonds pay higher interest which makes them more attractive to buyers. D) higher prices raise the cost of borrowing which makes them less attractive to buyers.
Economic stagnation coupled with high inflation is commonly called:
A. stagflation. B. inflationary stagnation. C. stagnatory growth. D. inflagnation.
Monopolistically competitive firms offer consumers more variety than perfectly competitive firms.
Answer the following statement true (T) or false (F)