Under the Patient Protection and Affordable Care Act (ACA), insurance companies will be required to participate in a high-risk pool that will cover individuals with pre-existing medical conditions
Indicate whether the statement is true or false
TRUE
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Dent 'n' Scratch Used Cars and Trucks employs 3 salesmen. Data for their sales last month are shown in this table: Cars Sold Trucks SoldLarry105Joe99Ralph312Based on last month's data, Joe's opportunity cost of selling a truck is selling:
A. 4 cars. B. 1 car. C. 9 cars. D. 1/3 of a car.
A rightward shift in aggregate demand will cause an increase in the price level and no change in output if aggregate supply is
A. Downward-sloping to the right. B. Horizontal. C. Upward-sloping to the right. D. Vertical.
A payment that is made by the government for which no goods or services are given in return is known as
A) a public good. B) a transfer payment. C) a negative externality. D) a free rider.
Tacit collusion is more likely to occur when firms' costs ________ closely related and their products ________ close substitutes.
A) are not; are B) are; are not C) are not; are not D) are; are