An analysis of the Patient Protection and Affordable Care Act (PPACA) by Medicare officials claims that additional annual health care spending over the next decade under the PPACA will

A) increase by less than 1 percent.
B) more than double.
C) continually increase until it reaches an annual rate of 25 percent.
D) rise by 10 percent for the first 5 years and then fall by 20 percent for the remaining 5 years.

Answer: A) increase by less than 1 percent.

Economics

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Even with market power, monopolists cannot achieve any level of profit they desire because they will sell lower quantities at higher prices

a. True b. False Indicate whether the statement is true or false

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According to ________, the redistribution of income from the rich to the poor causes an increase in total utility because of the law of decreasing marginal utility.

A. legal precedent B. distributional justice C. utilitarian justice D. the labor theory of value

Economics