The health care of low-income children, their parents, and individuals with disabilities is covered (though not always completely) through
A. Medicaid.
B. employer health insurance plans.
C. Medicare.
D. Social Security.
Answer: A
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For consumers, goods A and B are complementary goods. The cost of a resource used in the production of A decreases. As a result
A) the equilibrium price of B will fall and the equilibrium price of A will rise. B) the equilibrium price of B will rise and the equilibrium price of A will fall. C) the equilibrium prices of both A and B will rise. D) the equilibrium prices of both A and B will fall.
Institutionalized adults are not considered to be a part of the labor force by the Bureau of Labor Statistics
a. True b. False Indicate whether the statement is true or false
Which of the following is an example of an investment?
a. A company placing cash reserves in a bank. b. A company buying Yahoo shares. c. A company augmenting its production capacity. d. A company issuing bonus shares.
Ability bias can arise when estimating compensating wage differentials associated with various job characteristics. What is ability bias in this context?
A. High-skilled workers are likely to have higher wages than unskilled workers but to have worse job amenities. B. High-skilled workers are likely to have higher wages than unskilled workers, but they are also likely to trade some of their higher wages for better job amenities. C. High-skilled workers are likely to have lower wages than unskilled workers but to have better job amenities. D. Low-skilled workers are likely to have low wages but good job amenities. E. High-skilled workers are likely to have high wages but poor job amenities.