All of the following are key features of the federal government's new national health care program EXCEPT
A) people must either purchase health insurance or pay a fine to the federal government.
B) a young person in good health can opt not to purchase health insurance without penalty.
C) firms with at least 50 employees must either provide health insurance or pay fines when uninsured employees receive tax subsidies to purchase insurance.
D) government-directed exchanges will assist in matching individuals and small businesses with health insurance policies that satisfy government requirements.
Answer: B
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Refer to the table below. Martha's opportunity cost of making of a pie is: Time to Make a PieTime to Make a CakeMartha60 minutes80 minutesJulia50 minutes60 minutes
A. 3/4 of a cake. B. 80 cakes. C. 8 cakes. D. 4/3 of a cake.
The Environment Ministry in Japan proposed a new carbon tax to meet Japan's obligations to reduce carbon dioxide emissions under the Kyoto Treaty. The tax would be levied on producers and importers of fossil fuels and raise the cost of using fossil fuels. How do most economists view a tax such as this?
A. They do not believe any government intervention is necessary because the invisible hand of the market will correct the problem. B. They prefer voluntary programs to taxes because they reduce the role of compulsion. C. They prefer direct regulation to taxes because taxes create deadweight loss. D. They support taxes on pollution as a way of prompting decision makers to consider all costs.
In the figure above, the total revenue from pizza per day is
A) $60,000. B) $100,000. C) $40,000. D) $80,000. E) $50,000.
Explain why the tax multiplier is different from the government purchases multiplier, in both sign and relative magnitude
What will be an ideal response?