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Matching -People Were Afraid to Change Jobs in Fear of Losing

question 49

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-People were afraid to change jobs in fear of losing their health insurance. COBRA changed that, allowing people to purchase health care coverage between jobs.


Definitions:

Present Value

The present value of a future amount of money or series of cash flows, using a given rate of return.

Market Rate

The prevailing price or cost of products, services, or labor in a competitive marketplace as determined by supply and demand.

Interest

The cost of borrowing money, typically expressed as a percentage rate over a period of time, or the return on investment for savings.

ITQs

Individual Transferable Quotas, a common tool in fisheries management allowing holders to catch a specific percentage of the total allowable catch.

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