A Shared Responsibility Payment Under the ACA Is

question 29

Multiple Choice

A shared responsibility payment under the ACA is:

• A) a state's share of Medicaid costs.
• B) the employee's contribution to the premium for employer-sponsored health care.
• C) an addition to state sales taxes for premiums covered by the ACA.
• D) the tax penalty for not purchasing specified types of health insurance.

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Definitions:

Employment of Land

The use of land resources for productive or economic activities, including farming, building, or conservation efforts.

Substitution Effect

The economic principle that as the price of one good increases, consumers will replace it with a cheaper alternative, assuming the utility derived remains unchanged.

Output Effect

The effect that changes in the price level have on the quantity of goods and services supplied, due to the real balances of money.

Marginal Revenue Product

The additional revenue generated by employing one additional unit of a factor of production, crucial for decision-making in business.