What are two main economic objections to the PPACA?
What will be an ideal response?
Critics of the PPACA argue that it will: (a) create more bureaucracy and inefficiency and eventually lead to the establishment of national health insurance; and, (b) be costly and expensive in the long run because it will increase the demand for and consumption of health care rather than reduce demand and limit costs.
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Which of the following is an example of a surplus item on the balance of payments?
A) private gifts to foreign residents B) public gifts to foreign residents C) interest receipts from foreign residents D) purchases of gold from foreign residents
In an economy with 4,000 unemployed people and 8,000 employed people, the unemployment rate is
a. 50.0 percent b. 40.0 percent c. 33.3 percent d. 60.0 percent e. 25.0 percent
Which statement is false?
A. The concept of margin, or marginal is central to economic analysis. B. Productivity is measured by output per unit of input. C. MRP declines as more and more units of a factor are used. D. None of the statements are false.
A 2013 article in the Financial Times predicted that the post-2008 Eurozone debt crisis:
A) is over and the benefits from the ordeal are valuable lessons about fiscal responsibility. B) is capable of solution but far from over. The article blames the private financial sector and denies that fiscal irresponsibility is the sole cause. C) is a bellwether of the decline and eventual collapse of the euro. D) teaches us that fiscal restraint is much more important than economic performance or unemployment issues.