Which of the Following Are Reasons Why There Has Been

question 67

Multiple Choice

Which of the following are reasons why there has been a noticeable decrease in the amount of employers that are willing to pay for insurance premiums over the past 20 years?

• A) Rise in health insurance premiums
• B) Extension of Medicaid
• C) Fewer dual-income household
• D) Recession of the late 1980s and early 1990s
• E) Decline in unionization

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Definitions:

MRP Curve

The Marginal Revenue Product curve, representing the additional revenue generated by employing one more unit of a resource or factor of production.

Labor Demand

The complete number of employees that employers are prepared and capable of hiring at a certain salary level during a specific timeframe.

Profit

The financial gain achieved when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain those activities.

Barber

A person whose profession involves cutting, dressing, grooming, styling and shaving men's and boys' hair or beards.