Suppose Panama produces only two goods, bananas and hats. If Panama has a comparative advantage in bananas, a move toward free trade will
A) benefit hat workers, harm banana workers, but harm the nation as a whole.
B) harm hat workers, harm banana workers, but benefit the nation as a whole.
C) harm hat workers, benefit banana workers, but benefit the nation as a whole.
D) benefit hat workers, harm banana workers, but benefit the nation as a whole.
C
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All of the following are part of the "taxes" provision of the Patient Protection and Affordable Care Act (ACA) except
A) pharmaceutical firms and health insurance firms pay new taxes. B) investors earning more than $200,000 pay a new tax on their investment income. C) beginning in 2018, all taxes on employer-provided health insurance plans will be reduced or eliminated. D) workers earning more than $200,000 pay higher Medicare payroll taxes.
Since the demand curve is downward sloping, the graph of total profits is also has a negative slope.
Answer the following statement true (T) or false (F)