Which of the Following Statements Is False

question 77

Multiple Choice

Which of the following statements is false?

• A) One of the intended effects of the health-care reform bills passed in March 2010 was for some people who had health insurance before the reform to choose to become uninsured after health-care reform.
• B) One of the provisions of the health-care reform bills passed in March 2010 is that individuals will be fined for not buying insurance.
• C) Among the provisions in the health-care reform bills passed in March 2010 is that insurance companies are prohibited from turning down a person with a preexisting disease.
• D) One of the objectives of the health-care reform bills passed in March 2010 was to bring more people into the pool of insured persons so that insurance policies would become cheaper.

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Definitions:

Marginal Revenue

The additional income received from selling one more unit of a good or service.

Marginal Cost

The elevation in aggregate cost associated with creating an extra unit of a good or service.

Monopolistically Competitive Market

A market structure in which many companies sell products that are similar but not identical, allowing for slight product differentiation and some price control.

Demand Curve

A graph showing the relationship between the quantity of a good or service that consumers are willing and able to purchase at various prices.