When the 2010 Patient Protection and Affordable Care Act is fully implemented, it will
a. require employers with 50 or more employees to provide approved health insurance for their employees or pay a $2000 fine annually for each full-time employee.
b. expand the supply of doctors and other medical services.
c. require all members of Congress and congressional staff employees to purchase their health insurance through the government operated exchanges.
d. make it legal for individuals to purchase health insurance from an insurer in another state.
A
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If the price of Pepsi-Cola increases from 40 cents to 50 cents per bottle and the quantity demanded decreases from 100 bottles to 50 bottles, then according to the averaging equation, the value of price elasticity of demand for Pepsi-Cola is
a. 0.5 b. 0.25 c. 1 d. 3 e. 2
Economists believe mergers can sometimes achieve greater efficiency than two companies that do not merge
a. True b. False Indicate whether the statement is true or false