Answer the following questions true (T) or false (F)
1. In most circumstances, employees do not pay taxes on the value of health insurance their employers provide them.
2. If consumers paid the full price of medical services instead of using health insurance and third-party payers to cover part of the cost, the quantity of medical services provided would increase.
3. In 2018, a tax is scheduled to be imposed on employer-provided health insurance plans known as 'Cadillac plans.'
1. TRUE
2. FALSE
3. TRUE
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In the above figure, which demand curve illustrates perfectly elastic demand?
A) G B) H C) I D) J
Suppose a bank has $200,000 in deposits, a required reserve ratio of 15 percent, and total reserves of $100,000. Then it has excess reserves of
A. $30,000. B. Negative $100,000. C. $200,000. D. $70,000.
When there is a permanent fall in the domestic money supply, the exchange rate:
a. falls in the short run and rises slightly in the long run. b. falls in the short run and falls more in the long run. c. rises in the short run and falls slightly in the long run. d. rises in the short run and rises more in the long run.
The misery index is a measure of national economic discomfort that adds together a nation's:
A. Saving and investment B. Budget deficit and public debt C. Unemployment rate and inflation rate D. Level of taxation with the amount of government spending