Under the Affordable Care Act (also known as Obamacare) a tax penalty was imposed on anyone who did not purchase health insurance or get insurance from another source. This “individual mandate” was considered necessary to make the health insurance market work, since without a penalty young and healthy people would avoid purchasing insurance, leaving only sick people who need to use the insurance in the market. Insurance costs per person would be pushed unaffordably high. The "individual mandate” was considered a way to remedy what kind of market failure? 1 moral hazard
2 asymmetric information with inadequate information about the seller 3asymmetric information with inadequate information about the buyer
4 adverse selection​

Aconsumer values a house at $525,000 and a producer values the same house at $485,000. if the transaction is completed at $510,000, what level of tax rate will result in unconsummated transaction?

Andrew cooper decides to become a part owner of a corporation. as a part owner, he expects to receive a profit as payment because he has assumed the risk of - serious inflation eroding the purchasing power of his investment.- being paid before the suppliers and employees are paid.- losing his home, car, and life savings.- losing the money he has invested in the corporation and not receiving profits.- the company giving all of the profits to local communities

Ajustification for job training programs is that they improve worker productivity. suppose that you are asked to evaluate whether more job training makes workers more productive. however, rather than having data on individual workers, you have access to data on manufacturing firms in ohio. in particu- lar, for each firm, you have information on hours of job training per worker (training) and number of nondefective items produced per worker hour (output). (i) carefully state the ceteris paribus thought experiment underlying this policy question. (ii) does it seem likely that a firm’s decision to train its workers will be independent of worker characteristics? what are some of those measurable and unmeasurable worker characteristics? (iii) name a factor other than worker characteristics that can affect worker productivity. (iv) if you find a positive correlation between output and training, would you have convincingly established that job training makes workers more productive? explain.