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Author Question: Firms A) have no influence on the circular flow in a market economy. B) purchase resources in ... (Read 59 times)

rlane42

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on: Jun 29, 2018
Firms
 
  A) have no influence on the circular flow in a market economy.
  B) purchase resources in the product market.
  C) sell resources in the factor market.
  D) sell goods in the product market.

Question 2

What is the problem that Obamacare seeks to solve and how does the solution work?
 
  What will be an ideal response?


ryansturges

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

The Patient Protection and Affordable Care Act, or Obamacare, attempts to overcome the problem of too many people who do not have health insurance. It seeks to make quality, affordable, private health-insurance plans available for those currently uninsured and to stop insurance companies from denying coverage of pre-existing conditions, This act created a Health Insurance Market in which subsidized health insurance is provided. On the supply-side of the market are private healthcare insurance companies. On the demand-side are individuals. Many of the consumers qualify for subsidies which lower the cost to them of the healthcare insurance. By reducing the price, the act increases the number of people with healthcare insurance.


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