People in the U.S. will rarely pay a great deal per gallon to obtain water because
A) there are so many excellent substitutes for water.
B) there is no relationship between objective price and subjective value.
C) they are usually creatures of habit.
D) they think water, as a basic necessity, ought to be supplied at a very low price.
E) they place a very low marginal value on water.
E
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If the opportunity cost of working outside the home increases then it is likely that ________ assuming all else equal
A) there will be a rightward shift in the labor supply curve. B) there will be a downward movement along the labor supply curve. C) there will be a leftward shift in the labor supply curve. D) there will be an upward movement along the labor supply curve.
Which of the following is not part of the "regulation of health insurance" provision of the Patient Protection and Affordable Care Act (ACA)?
A) Individuals with pre-existing medical conditions are able to acquire health insurance. B) All policies must provide coverage for dependant children up to age 26. C) Limits on the size of deductibles and on waiting periods before coverage takes effect have been eliminated. D) Lifetime dollar maximums on coverage are prohibited.