The Congressional Budget Office estimates that the Patient Protection and Affordable Care Act (ACA) will increase government spending
A) by more than the additional taxes and fees enacted under the law will bring in.
B) by less than $50 billion over the next decade.
C) by about $2 trillion over 10 years.
D) by more than $20 trillion dollars over the next 5 years.
C
Economics
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If a production possibilities curve were bowed in or convex to the origin of a graph, it would demonstrate:
A) increasing opportunity cost. B) decreasing opportunity cost. C) constant opportunity cost. D) fluctuating opportunity cost.
Economics
Capital deepening shifts the output (or production function) curve upward to the right
Indicate whether the statement is true or false
Economics