The Affordable Care Act Originally Required

question 18

Multiple Choice

The Affordable Care Act originally required

• A)that state governments expand their Medicaid programs to cover more poor people or lose all the Medicaid funds that they receive from the federal government.
• B)that state governments eliminate their Medicaid programs or lose all the categorical grants they receive from the federal government.
• C)that state governments expand their Medicare programs to cover citizens over the age of 50 or lose all the Medicaid funds that they receive from the federal government.
• D)that state governments expand their Medicare programs to cover citizens over the age of 40 or lose all the Medicaid funds that they receive from the federal government.

---

Definitions:

Nonsystematic Standard Deviation

A measure of the dispersion of returns on an investment due to factors specific to an individual asset or company, not the market.

Equally-Weighted Portfolio

An investment portfolio in which each asset is invested in with an equal amount of capital, providing diversification and reducing risk.

Securities

Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.

Security Market Line

A line drawn on a graph that shows the relationship between risk and the expected return of the market, used in the capital asset pricing model to determine a security's risk premium.