When the 2010 Patient Protection and Affordable Care Act is fully implemented, it will
a. require employers with 50 or more employees to provide approved health insurance for their employees or pay a $2000 fine annually for each full-time employee.
b. expand the supply of doctors and other medical services.
c. require all members of Congress and congressional staff employees to purchase their health insurance through the government operated exchanges.
d. make it legal for individuals to purchase health insurance from an insurer in another state.
A
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If inflationary expectations are stable and there is no current inflation, the short-run Phillips curve will intersect the long-run Phillips curve at: a. a 0 percent unemployment rate
b. a 2 percent unemployment rate. c. a 4 percent unemployment rate. d. the natural rate of unemployment.
The excess burden of an excise tax is
a. greater the more inelastic the supply curve. b. greater the more elastic the demand curve. c. smaller the more elastic the supply curve. d. greater the more inelastic the demand curve.
What does the law of comparative advantage indicate?
What will be an ideal response?
Maximum Feasible Hourly Production Rates of EitherComputers or Bicycles Using All Available ResourcesProductUnited StatesCanadaComputers810Bicycles42Refer to the above table. If opportunity costs are constant, then the United States and Canada will produce goods in which they have a comparative advantage and trade at a rate of exchange of
A. 6 computers for 1 bicycle. B. 0.1 computer for 1 bicycle. C. 4 computers for 1 bicycle. D. 1 computer for 1 bicycle.