Under the Affordable Care Act (ACA), states were required to initiate which one of the following changes in the administration of their respective programs?
a. Accept temporary reductions in federal matching funds for the expansion population.
b. Extend eligibility to participants with household incomes less than 138 percent of the federal poverty level.
c. Prohibit eligibility of non-disabled adults without children regardless of income.
d. Require physicians to accept new Medicaid patients in order to practice medicine in the state.
e. Expand coverage to include pregnant females.
b. Extend eligibility to participants with household incomes less than 138 percent of the federal poverty level.
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Many industries are regulated in the United States, from railroads and electric utilities to cable TV.
Answer the following statement true (T) or false (F)
The statement, "Corn is not high because a rent is paid, but a rent is paid because corn is high," was made by _________.
Fill in the blank(s) with the appropriate word(s).
When two goods are perfect substitutes, the marginal rate of substitution
a. decreases as the scarcity of one good increases. b. is constant along the indifference curve. c. changes to reflect the consumer’s changing preferences for the goods. d. increases as the scarcity of one good increases.
The crowding-out effect of expansionary fiscal policy suggests that:
A. consumer and investment spending always vary inversely. B. it is very difficult to have excessive aggregate spending in the U.S. economy. C. increases in government spending financed through borrowing will increase the interest rate and thereby reduce investment. D. tax increases are paid primarily out of saving and therefore are not an effective fiscal device.