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Gnesinka [82]
3 years ago
15

President Obama said in a number of speeches advocating his health care plan, "If you like your health care plan, you can keep y

our health care plan, period." After the law was passed and as its provisions took effect, about 5 million Americans had their policies canceled because the policies no longer met federal minimum standards for coverage. A provision in the law required insurers to cancel any policies that did not meet those federal standards. Which of the following categories does the President’s statement fall into? a. Giving or allowing a false impression b. Conflict of interest c. Personal decadence d. a, b and c
Business
2 answers:
seraphim [82]3 years ago
7 0

Answer:

The correct answer is letter "A": Giving or allowing a false impression.

Explanation:

The statement:

"<em>If you like your health care plan, you can keep your health care plan, period</em>";

is vague if the intention is to comprise a major and wide topic such as public health care insurance. If we base our judgment only in the statement, <em>President Obama would be allowing a false impression because he is actually stating something true without outlining all the implications of the matter being discussed</em>. As a result, some insured lost their coverage since within those implications there was a provision setting the minimum standards for the policy which not every coverage fulfilled.

Burka [1]3 years ago
4 0

Answer:

D.a, b and c

Explanation:

a. Giving or allowing a false impression b. Conflict of interest c. Personal decadence d. a, b and c

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Tires and gas are products needed for cars. Gas need as fuel for car and tire need as footwear for car. Gas is up and there is no need more footwears for car because these products in machine industry depends from each other.
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The person responsible for having the shipping papers on a ship carrying hazardous cargo is the
stira [4]
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8 0
4 years ago
A monetary growth rule means that :__________a) the Fed will raise interest rates if it thinks the economy is growing faster tha
Mkey [24]

Answer:

d) the money supply should grow at a constant rate.

Explanation:

The Federal Reserve System (popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.

Generally, the Fed controls the issuance of currency in United States of America: it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.

Monetary growth rule is a theory that was proposed by Friedman and it states that the Federal Reserve System (Fed) should be required to set or target the money supply growth rate to be equal to the growth rate of Real gross domestic product (GDP) each year and leaving the price level of goods and services unchanged.

Basically, this growth rate of gross domestic product (GDP) is usually set between 1% and 4%. Also, the monetary growth rule is also referred to as the K-Percent rule.

Hence, a monetary growth rule means that the money supply should grow at a constant rate.

5 0
3 years ago
Brady industries has average variable costs of $1 and average total costs of $3 when it produces 500 units of output. the firm's
Karolina [17]

C. $1,000

$1 and average total costs of $3 when it produces 500 units of output. the firm's total fixed costs equal 1,000 dollars.

8 0
3 years ago
We calculated the gains and losses from price controls on natural gas and found that there was a deadweight loss of $5.68 billio
Simora [160]

Answer:

Explanation:

1. If the price of oil were $70.00 per barrel, what would be the free-market price of gas?

The free-market price is defined by the equilibrium point: when the quantity demanded and the quantity supplied are equal.

QS = 15.90 + 0.72PG + 0.05PO

QD = 0.02 – 1.8PG + 0.69PO

15.90 + 0.72PG + 0.05(70.00) = 0.02 – 1.8PG + 0.69(70.00)

19.4 + 0.72 PG= 48.32-1.8PG

PG(0.72+1.8)=48.32-19.4

PG= 28.92/2.52

PG= $11.48

QS=QD= 15.90+0.72(11.48)+0.05(70.00)

QS=QD= 27.66

What would be the deadweight loss if the price of natural gas were regulated to be $4.00? The deadweight loss would be $___ billion. (Round answer to two decimal places)

If PG is $4.00

The quantity supplies will be less than the quantity demanded. The quantity supplied will be the quantity sold in the market.

QS=  15.90+0.72(4)+0.05(70.00)

QS= 22.28

To find the deadweight loss we must evaluate the quantity supplied in the demand curve:

22.28 = 0.02 – 1.8PG + 0.69(70.00)

1.8PG= 48.32-22.28

PG= 26.04/1.8

PG= 14.47

And now we calculate the area shown in the figure attached:

Base: 14.47-4= 10.47

Height: 27.66-22.28= 5.38

Deadweight loss: (10.47*5.38)/2

Deadweight loss: 28.1643

The deadweight loss would be $28.16 billion.

6 0
3 years ago
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