The Congressional Budget Office estimates that the additional taxes and fees enacted under the ACA will not even cover half of the true cost of the ACA

Indicate whether the statement is true or false


TRUE

Economics

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The type of unemployment that arises from a decrease in real GDP is called

A) frictional unemployment. B) structural unemployment. C) downturn unemployment. D) non-expansion unemployment. E) cyclical unemployment.

Economics

Suppose that the price of a money clip increases from $0.75 to $0.90 and quantity supplied rises from 8,000 units to 10,000 units. Use the midpoint formula to calculate the price elasticity of supply

A) 1.22 B) 1.0 C) 0.82 D) 0.07

Economics

For any particular period of time, say a year, the supply of exhaustible resources:

a. decreases infinitely with an increase in price. b. remains unaffected by any change in price. c. increases infinitely with an increase in price. d. increases to a certain extent with an increase in price. e. decreases to a certain extent with an increase in price.

Economics

If the interest rate is 4.5 percent, what is the present value of a payment of $500 to be made one year from today?

a. $457.14 b. $468.02 c. $478.47 d. None of the above are correct to the nearest cent.

Economics