What problems with health care did President Obama attempt to address with the health insurance reform bill he signed in 2010, the Affordable Care Act, and how were those problems addressed?
What will be an ideal response?
Obama's bill attempted to solve the health care poverty problem by providing subsidies and tax credits to low-income households so they can afford health insurance. It also attempted to solve the adverse selection problem by requiring all individuals to carry health insurance-not just those who would choose on their own to buy it.
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Decreases in interest rates have made it less costly to finance purchases of new houses. What impact will this have on U.S. aggregate demand?
A) None. A nation's aggregate demand is not affected by changes in interest rates. B) U.S. aggregate demand will remain unchanged. C) U.S. aggregate demand will decrease. D) The U.S. aggregate demand curve will shift to the right.
State universities and community colleges, the National Endowment for the Arts, public libraries, art galleries, and museums are all examples of
a. exclusive goods b. rival goods c. merit goods d. public goods e. private goods
Traditionally, nations pegged their currencies to _______, and so trade was accomplished with _______ exchange rates.
A) the pound sterling; floating B) gold; fixed C) the U.S. dollar; floating D) silver; fixed
Many car owners and car dealers describe their different cars for sale in the local newspapers and list their asking price. Many people shopping for a used car consider the different choices listed in the paper. The absence of which condition prohibits this market from being described as perfectly competitive?
A) Buyers and sellers know the prices. B) Firms freely enter and exit. C) Transaction costs are low. D) Consumers believe all firms sell identical products.