Most of the states, including those that did not expand Medicaid, have eligibility thresholds that exceed the level set for household incomes set by the ACA (138 percent of the federal poverty level). This is true for all of the following groups except one. Which one?
a. Working-aged adults without dependents
b. Pregnant women
c. Children (under age 19) living in those households
d. Disabled regardless of marital status
a. Working-aged adults without dependents
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Barriers to entry ________.
A. are characteristic of pure monopoly B. are typically the result of wrongdoing on the part of a firm C. usually result in perfect competition D. exist in economic theory but not in the real world
The causes of prosperity that link high levels of prosperity to high levels of inputs of production, without explaining why the levels of those inputs are high, are referred to as:
A) fundamental causes of prosperity. B) implicit causes of prosperity. C) proximate causes of prosperity. D) explicit causes of prosperity.
The lemons problem is associated with ________ and results in a market for items with only ________ characteristics.
A) adverse selection; desirable B) moral hazard; undesirable C) adverse selection; undesirable D) moral hazard; desirable
A two-player game has an equilibrium outcome
a. only if both players have dominant strategies b. if neither player has a dominant strategy c. whenever one player has a dominant strategy d. only with tit-for-tat strategy e. only with repeated trials