Research by economists Martin Hackmann, Amanda Kowalski, and Jonathan Kolstad indicates that the individual mandate provision of the Massachusetts health care program was responsible for a(n) ________ in premiums and the mandate helped to ________
premium increases in subsequent years. A) increase; accelerate
B) increase; hold down
C) decrease; accelerate
D) decrease; hold down
D
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Susan argues that she is the victim of economic discrimination. The primary technical difficulty for an economist investigating her claim will be
a. defining economic discrimination. b. finding a worker with the same productivity as Susan for comparison purposes. c. defining statistical discrimination. d. measuring Susan's human capital.
What was the approximate value of U.S. GDP in 2015?
A. $12.3 billion B. $12.3 trillion C. $17.9 trillion D. $17.9 billion
Which one of the following statements is FALSE?
A) There is an inverse (negative) relationship between product price and quantity supplied. B) There is some price at which quantity supplied of a product is zero. C) As product price increases, producers are willing to put more of the good on the market for sale. D) In order to entice producers to offer more of a product on the market for sale, product price must rise.
Which of the following would tell us that resources are NOT flowing to their highest valued uses?
A. short-run economic profits B. Some firms are just breaking even. C. short-run economic losses D. long-run economic profits