A Decrease in the Labor Force Would Tend To

question 3

Multiple Choice

A decrease in the labor force would tend to:

• A) decrease GDP.
• B) increase GDP.
• C) cause the production function to shift down.
• D) cause the production function to shift up.
• E) none of the above

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Definitions:

Coinsurance

A percentage that a patient is responsible for paying for each service after the deductible has been met.

Deductible

The amount you pay for health care services before your health insurance begins to pay.

Assignment

The allotment or designation of a task, duty, or responsibility to someone.

Co-payment

A co-payment is a fixed amount paid by a patient for receiving a particular medical service, with the remaining balance covered by insurance.