Was the Patient Protection and Affordable Care Act of 2010 a cost containment program, a national insurance program, or some other type of program? Explain
What will be an ideal response?
The Patient Protection and Affordable Care Act (PPACA) of 2010 was not a cost containment program or a national insurance program, but rather focused on expanding the existing system of private health care insurance through employers and public health care insurance (Medicaid and Medicare).
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When measured as a percentage of GDP, the U.S. national debt reached its highest levels as a result of:
a. World War II. b. The Vietnam War. c. The Reagan defense buildup and tax cut. d. The Bush economic recovery program.
(Consider This) The feudal practice of clipping coins illustrates the idea of:
A. taxation through inflation. B. good money driving out bad money. C. the derived demand for resources. D. cost-push inflation.
Because the NAAQS are set using a benefit-based decision rule, find the abatement level of sulfur dioxide that would adhere to this rule.
Suppose that the MSB and MSC of abating sulfur dioxide are as follows. Use these functions to answer parts (a) and (b) below. MSB = 32 – 0.2A MSC= 16 + 0.2A
Suppose that once a well is dug, water flows out of it continuously without any additional effort. Customers collect their water and pay a per gallon fee when they leave the site of the well. In the short run, the competitive firm in this market
A) will not shut down because variable costs are zero. B) has no fixed costs. C) faces diminishing marginal returns. D) can act as a price setter.