What are Medicaid and Medicare?
What will be an ideal response?
Medicaid and Medicare are in-kind government transfer programs that provide health and hospitalization benefits. Medicare is provided to the aged and their survivors and to certain of the disabled regardless of income. Medicaid is provided to people with low incomes.
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The Sarbanes-Oxley Act of 2002 was passed in response to what event?
A) historically low bond prices B) unexpected increases in dividend payments to stockholders at various corporations C) a series of accounting scandals D) volatility in NASDAQ indexes
_____ is an online venue where businesses and individuals can hedge their uncertainty about whether legislation that affects them will be enacted
a. The American Civics Exchange b. Tradesports c. The Iowa Electronic Markets d. The Gallup and Roper surveys
A natural gas monopoly currently sells 100 cubic feet of gas at $1.10 per cubic foot. To sell one more cubic foot, the natural gas company must lower the price of gas to $1.09 . Which of the following best describes the marginal revenue of the 101st cubic foot of natural gas? a. The marginal revenue equals the price, or $1.09
b. The marginal revenue equals the change in price, or $ 0.01. c. The marginal revenue is less than $1.09. d. The marginal revenue is greater than $1.09.
The marginal propensity to consume (MPC) is typically
a. less than zero or greater than 1.0 b. equal to zero c. equal to 1.0 d. between -1.0 and 1.0 e. between zero and 1.0