What taxes will be used to help pay for the PPACA?
What will be an ideal response?
Taxes to pay for the PPACA come from: (a) a 0.9 percentage-point tax on Medicare for high-income earners; (b) a 3.8 percentage-point tax on capital gains for high-income earners; (c) a 40 percent tax on employers who offer high-premium health care policies for individuals or families; (d) a 2.9 percent excise tax on medical devices; and, (e) a 10 percent tax on indoor tanning.
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A monopolist can make an economic profit in the long run because of
A) the relatively elastic demand for its product. B) the relatively inelastic demand for its product. C) the firm's price setting behavior. D) barriers to entry.
A country's comparative advantage can be illustrated by the graph of the production possibilities frontier
a. True b. False Indicate whether the statement is true or false