Disadvantages to the employer-based health insurance model which is common in the United States include
A) when someone loses her job, she loses her insurance.
B) a reduction in job mobility.
C) the method used by insurance companies to set premiums.
D) all of the above
D
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An avocado orchard employs five full-time workers. Currently, the average product of labor is 120 pounds of avocados per day. The orchard hires a 6th full-time worker and his marginal product is 150 pounds of avocados
The average product of the six workers will now be A) equal to 120 pounds. B) greater than the marginal product of labor. C) more than 120 pounds. D) less than 120 pounds.
After a price ceiling of $8 is placed on the market in the graph shown:
A. producers lose because they sell at a lower price. B. the quantity traded in the market falls. C. some consumers benefit because they pay a lower price. D. All of these are true.