The New US

question 65

Multiple Choice

The new U.S. health care system signed into law in 2010 __________.

• A) requires all people to get a government-sponsored insurance plan
• B) requires everyone to have health insurance
• C) forces younger adults off of their parents' health insurance plans earlier
• D) requires businesses of all sizes to provide employee health care

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Definitions:

Domestic Demand Curves

Graphs showing the quantity of a good that consumers in a domestic market are willing and able to purchase at various prices.

Import Demand Curves

Charts representing the volumes of a product that an economy is ready to import at various price points.

Export Supply Curves

A graphical representation showing the relationship between the quantity of a good that producers are willing to export and the price of the good in the international market.

Equilibrium World Price

The price at which the quantity of a good supplied globally equals the quantity demanded, in international trade.