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The Affordable Care Act signed into law on March 23, 2010 requires individuals to be enrolled in a health insurance plan or face monetary penalties. This is known as the individual mandate. What is the economic justification for such provision in the law?
If the required reserve ratio is 10 percent, banks keep 2 percent excess reserves, and the public keeps a 10% cash to deposit ratio, determine the money multiplier?
Evaluate the following: The laws of supply and demand cannot apply to the labor market because labor is not a commodity to be bought and sold like machines.
The textbook claims that when people do not have to pay anything to use valuable resources, such as urban roadway space, they will continue using them until their value diminishes to zero.
People of different age groups and situations take advantage of part time employment opportunities provided through the fast food industry.
Ruby's Beauty College of Grand Forks, Nebraska, is one of many local beauty colleges each specializing in different haircutting techniques. Rubys Beauty College would become considered:
Discuss should the government minimize unemployment rate? What will happen if the unemployment rate is too low?
Assume Winter Sports a hypothetical French retailer of snowboards needs to order 5,000 snowboards made in the United States.
Discuss how the economic indicators inflation, employment levels and interest rates,
Compute the effective price reduction resulting from the coupon promotion.
Describe when and why central banks buy either their own currency or the currency of another nation in an effort to control exchange rates.
High Mark Industries sells solar water heaters to households interested in lower energy bills and sustainable energy.
What would happen to the amount of economic investment made today if firms expected the future returns to such investment to be very low ?
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