Which type of unemployment is the product of a healthy economy?(1 point)

Question

Responses

Unemployment as a result of demand for products and services decreasing.
Unemployment as a result of demand for products and services decreasing.

Unemployment as a result of a mismatch of the skills of workers and the skills needed by employers.
Unemployment as a result of a mismatch of the skills of workers and the skills needed by employers.

Unemployment as a result of people moving from one job to another.
Unemployment as a result of people moving from one job to another.

None; unemployment is the result of an unhealthy economy.
2.If the consumer price index is 102 in Year One, 108 in Year Two, 106 in Year Three, 105 in Year Four, and 104 in Year Five, which statement correctly describes what the economy is experiencing?(1 point)
Responses

There is deflation from Year One to Year Two, then deflation after that.
There is deflation from Year One to Year Two, then deflation after that.

There is inflation from Year One to Year Two, then inflation after that.
There is inflation from Year One to Year Two, then inflation after that.

There is deflation from Year One to Year Two, then inflation after that.
There is deflation from Year One to Year Two, then inflation after that.

There is inflation from Year One to Year Two, then deflation after that.
3.What is true about human capital?(1 point)
Responses

Improvements to human capital leads to improvements in productivity and improvements in standard of living.
Improvements to human capital leads to improvements in productivity and improvements in standard of living.

Improvements to human capital leads to improvements in standard of living, but not generally to improvements in productivity.
Improvements to human capital leads to improvements in standard of living, but not generally to improvements in productivity.

Improvements to human capital leads to improvements in technology, but not generally to improvements in productivity.
Improvements to human capital leads to improvements in technology, but not generally to improvements in productivity.

Improvements to human capital leads to improvements in the welfare of consumers, but not generally to improvements in productivity.
4.How does Medicaid compare to Medicare? Explain.(1 point)
Responses

Medicaid is funded by state governments only and provides health coverage based on financial need for people under age 65. Medicare is a federal government health-care insurance program for people 65 years or older.
Medicaid is funded by state governments only and provides health coverage based on financial need for people under age 65. Medicare is a federal government health-care insurance program for people 65 years or older.

Medicaid is a state government health-care insurance program for people 65 years or older. Medicare is a federal government health-care insurance program for people with certain disabilities under age 65.
Medicaid is a state government health-care insurance program for people 65 years or older. Medicare is a federal government health-care insurance program for people with certain disabilities under age 65.

Medicaid is funded by the federal government only and provides health coverage based on financial need for people under age 65. Medicare is a state government health-care insurance program for people 65 years or older.
Medicaid is funded by the federal government only and provides health coverage based on financial need for people under age 65. Medicare is a state government health-care insurance program for people 65 years or older.

Medicaid is funded by state and federal governments and provides health coverage based on financial need. Medicare is a federal government health-care insurance program for people 65 years or older and those with certain disabilities under age 65.

Answer 1

Here are the correct responses for each question:

1. Which type of unemployment is the product of a healthy economy?

   • Response: Unemployment as a result of people moving from one job to another.

2. If the consumer price index is 102 in Year One, 108 in Year Two, 106 in Year Three, 105 in Year Four, and 104 in Year Five, which statement correctly describes what the economy is experiencing?

   • Response: There is inflation from Year One to Year Two, then deflation after that.

3. What is true about human capital?

   • Response: Improvements to human capital leads to improvements in productivity and improvements in standard of living.

4. How does Medicaid compare to Medicare? Explain.

   • Response: Medicaid is funded by state and federal governments and provides health coverage based on financial need. Medicare is a federal government health-care insurance program for people 65 years or older and those with certain disabilities under age 65.