Answer the following questions true (T) or false (F)
1. Under the Patient Protection and Affordable Care Act (ACA), residents who do not have health insurance will not be allowed to seek employment.
2. Under the Patient Protection and Affordable Care Act (ACA), insurance companies are required to participate in a high-risk pool that will cover individuals with pre-existing medical conditions.
3. Those who favor changes in the market for health care that would make it more like the markets for other goods and services are generally in favor of universal health care coverage.
1. FALSE
2. TRUE
3. FALSE
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Fluctuations in the relative demand for stock market mutual funds versus money-market mutual funds causes instability in the overall demand for
A) M1 but not M2. B) M2 but not M1. C) M2 and M1. D) neither M1 nor M2.
The term "market failure"
a. means the same thing as "market power." b. refers to the dissolution of a market when firms decide to quit producing a certain product. c. refers to the failure of a market to produce an efficient allocation of resources. d. refers to government's failure to enforce the property rights of households or firms that participate in a certain market.
Which statement is true?
A. Income is fairly evenly distributed in the U.S. B. The richest 1% of our population has nearly 50% of the income. C. The percentage of Americans below the poverty line has been falling steadily (except for recession) since the 1950s. D. Eleven percent of the children under six living in a two parent home are poor.
Describe aspects of customs valuation practices that are controversial in the world of international trade, such as how countries establish import tariffs
Also, how does the WTO protect against potentially abusive practices when determining appropriate tariffs.