Answer the following statements true (T) or false (F)
1) Preferred provider organizations (PPOs) are a type of managed-care organization.
2) The federal government in 2006 enacted limits on "pain and suffering" awards on medical
malpractice lawsuits against physicians.
3) The Patient Protection and Affordable Care Act requires all firms to purchase health insurance
for their employees or pay a $2,000 fine.
4) The Patient Protection and Affordable Care Act prohibits insurance companies from denying
coverage to anyone on the basis of a preexisting medical condition.
1) T
2) F
3) F
4) T
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Banks are required to keep a minimum level of reserves on hand. The intent of this regulation is
a. monetary control rather than bank safety. b. bank safety in case of bank runs. c. maintenance of bank profits. d. limiting the level of bank profits.
In the past there have been violent protests against the World Bank and the World Trade Organization. The protesters argued that these institutions promote free trade and also encourage corporations in rich countries to invest in poor countries. The protesters contended that these practices make rich countries richer and poor countries poorer. An economist would
a. disagree with the protesters because these practices will help make both rich and poor countries richer. b. disagree with the protesters about free trade, but would agree with the protesters about corporate investment. c. disagree with the protesters about corporate investment, but would agree with the protesters about free trade. d. agree with the protesters.