The Patient Protection and Affordable Care Act will require
a. health insurers to provide coverage to applicants regardless of prior health conditions.
b. all Americans to purchase an approved health insurance policy or pay a tax-penalty for failing to do so.
c. employers with more than 50 full-time employees to either provide approved health insurance for their employees or pay a fine for the failure to do so.
d. all of the above.
D
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A change in the productivity of inputs used to produce a good affects supply because Question 12 options:
A. what is considered to be a substitute or complement in production changes. B. quality of the product changes and so consumers change their demand for the good. C. the number of sellers changes. D. it increases the number of sellers. E. the costs of production change.
Which of the following statements is NOT true about using per capita real GDP to measure a nation's economic growth?
A) The definition does not indicate how the increase in growth is being disturbed among the nation's population. B) The definition assumes that some of the increase in productivity goes to the poor. C) The definition is not perfect for measuring increases in a nation's productive capacity. D) The definition has understated actual economic growth because it does not take into consideration changes in leisure.
If you expect the economy is going to boom and average income in the economy will rise in the foreseeable future, the type of firm that would be able to increase its sales if your expectations are met is
A) one that sells a luxury good. B) one that sells a necessity good. C) one that sells an inferior good. D) one that sells a price-inelastic good.
At full-employment GDP,
A) the long-run aggregate demand curve is horizontal. B) the long-run aggregate demand curve is vertical. C) the long-run aggregate supply curve is horizontal. D) the long-run aggregate supply curve is vertical.