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Immigration policy in the U.S. is the province of. . . |
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. . . the federal government |
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As of 2004, what percent of the U.S. population was made up of immigrants? |
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The number of ILLEGAL immigrants in the U.S. is estimated to be about. . . |
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When comparing the markets for skilled and unskilled labor. . . |
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. . . the unskilled market will have a much "flatter" demand curve.
The reason the low-skill demand curve is a lot flatter is that high skill labor can easily substitute for low-skill labor, but not the other way around.
(Surgeons can become leaf rakers, but leaf rakers can't become surgeons.)
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T/F "Generally speaking, classical liberals tend to favor more controls and restrictions on immigration." |
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False: A classical liberal would favor less control. |
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T/F "For the world as a whole, restricting immigration into the U.S. results is a deadweight loss in terms of economic efficiency." |
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T/F "Paul Krugman believes that there has been little economic benefit to the U.S. from low-skilled worker immigration in terms of growth of gross domestic product." |
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T/F "The Immigration Reform and Control Act of 1986 imposed penalties on employers who hired illegal immigrants." |
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NY Times columnist John Tierney in his defense of liberal immigration policies cites which of the following as an argument in his favor? |
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John Rawls's "Veil of Ignorance." |
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Paul Krugman, the liberal coumnist for Ny Times, sees _______________ as a potentially serious negative effect of large scale guest worker programs that don't lead to U.S. citizenship. |
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Large disenfranchised populations leading to weaker social safety nets for everyone.
disenfranchised: deprived of the rights of citizenship especially the right to vote; "labor was voiceless"; "disenfrenchised masses took to the streets" |
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What was the approximate average cost in 2005 for health insurance for a family for employer-based coverage? |
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What kind of causes of market failure occur in medical insurance markets? |
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T/F Most economists agree that the phenomenon of adverse selection is present in health insurance markets.
adverse selection: The process by which the price and quantity of goods or services in a given market is altered due to one party having information that the other party cannot have at reasonable cost |
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T/F: If people systematically misjudge the risks of injury or illness then there will be market failure in health insurance markets. |
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Approximately what percent of Americans are currently covered by employer-based health insurance programs? |
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Approximately what percent of Americans have health insurance through Medicaid?
medicaid: United States health program for eligible individuals and families with low incomes and resources. It is a means tested program that is jointly funded by the state and federal governments, and is managed by the states. |
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Approximately what percent of Americans have health insurance through the Medicare system?
medicare: health care for the aged; a federally administered system of health insurance available to persons aged 65 and over |
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Approximately what percent of Americans currently have no health insurance? |
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T/F: It is Krugman's view in "Health Economics 101" that the number of people with very large medical expenses is small, but for that for those who incur substantial medical expenses costs are crushing. So it's prudent to have medical insurance. |
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It is Krugman's view that so long as there is more than one insurance company, the health insurance market will suffer from. . . |
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According to Krugman, in real world insurance markets, a company that offered policies at rates that would covera person's average medical costs would. . . |
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Anna Bernasek, in her NY Times article, favors a health care plan that is. . . |
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. . . a single payer system. |
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Robert Frank says that the reason health insurance companies spend so much money to avoid providing insurance to people who may actually need health care is. . . |
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. . . economic incentives to their behavior. |
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______ health care is the financing of the costs of delivering universal health care for an entire population through a single insurance pool out of which costs are met. There may be many contributors to the single pool (insured persons, employers, government etc.) |
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Robert Frank claims that a single-payer plan for the U.S. that would then have expenses at the same level as other countries' systems would save about. . . |
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. . . $300 billion per year. |
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Robert Frank says there are two obstacles to getting a single-payer plan adopted in the U.S. One of those obstacles is opposition from. . . |
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Definition
. . . private insurance companies. |
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Emanuel and Fuchs call the present U.S. employer-based scheme for health insurance. . . |
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. . . inefficient and inequitable. |
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T/F: According to Emanuel and Fuchs, the current plan of employer-provided health insurance with pre-tax dollars is inequitable because it provides larger subsidies to the rich than the poor. |
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T/F: Emanuel and Fuchs favor keeping the Medicare system in place, and in fact expanding it to additional groups of people at successively lower ages. |
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False: Emanual and Fuchs favor phasing out medicare with their voucher program. |
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T/F: Emanuel and Fuchs think that their voucher plan is politically feasible at this time. |
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False: The economic feasibility of the voucher system depends on the cost of the publicly funded universal benefits package, as compared with the cost of employer- based insurance, Medicaid, the State Children’s Health Insurance Program, and other programs being replaced. |
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T/F: The Massachusetts plan to provide universal health care would require everyone who can afford it to buy coverage, and even penalize them on their taxes if they don't. |
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T/F: The Massachusetts health care plan would eliminate the incentive insurance companies now have to try to deny coverage to people who need care. |
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False: Analysts say that adding more healthy people — who use less care — into the insurance system keeps deductibles and premiums down for all. |
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The Massachusetts health care plan would impose an annual charge on employers who do not provide insurance for their employees of. . . |
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In the experience of the Massachusetts health plan the group that most often opted out of health care coverage (because they just don't think they will need it) are. . . |
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INCOME INEQUALITY AND DISCRIMINATION! |
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Milton Friedman prefers taxes on income that are. . . |
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Milton Friedman generally supports an income tax system in which. . . |
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. . . deductions are not allowed. |
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Milton Friedman generally prefers an income distribution that is. . . |
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David Brooks, in his article in the New York Times, believes that. . . |
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. . . equality of opportunity is most important. |
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T/F: Ben Stein, the conservative economist, lawyer, and entertainer, believes that George W. Bush and the Republican Congress gave us a more unjust society when they lowered the tax rates on the rich in the early 2000's. |
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T/F: It's Ben Stein's view that "The rich should simply not be that much richer than everyone else." |
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T/F: Ben Stein believes that the rich should pay a lot less taxes than they currently do. |
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False: Ben Stein believes that the rich should pay more taxes than they currently do. |
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T/F: Krugman says that the median family real income between 1973 and 2005 (a period of over 30 years) rose by only 16 percent. |
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T/F: According to Krugman, during the period 1973 to 2005, the reason median family income rose at all was because women's wages and labor market participation increased. |
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T/F: It's Krugman's view that since 1973 the only clear gains in income accrued only at the upper end of the income distribution. |
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It is Robert Frank's argument that the disincentive effects of raising taxes on the rich are. . . |
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. . . almost non-existent. |
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Uri Berliner's NPR article says that income inequality in the U.S.. . . |
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. . .increased dramatically because of stock market gains and executive salaries. |
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John Idstie found in his story about changes in inequality that. . . |
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. . . incomes of the rich have exploded. |
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David Leonhardt in his New York Times piece concludes that income data don't measure changes in welfare very well because. . . |
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. . . inflation is poorly measured because of technical change. |
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The right to make laws about patents, copyrights, and trademarks was originally set out in. . . |
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. . . the U.S. constitution. |
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Currently in the U.S. a patent lasts for. . . |
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Currently in the U.S. a copyright lasts for. . . |
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. . . the life of the author plus 70 years. |
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The original purpose of establishing patents, copyrights, and trademarks was to. . . |
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. . .promote the progress of science and the useful arts. |
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T/F: To have my original work be copyrighted I have to register it with the U.S. Copyright Office. |
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Definition
False:
1) Copyright attaches to the work the moment it's created.
2) You don't have to apply to have your work covered by copyright.
3) You don't have to put that little symbol © on a work to have it be copyrighted.
4) BUT… If you're creating a work while operating in the capacity of an employee, then your employer may own the copyright.
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T/F: Under current trademark laws, symbols that are trademarked in France are also trademarked in the U.S. |
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False:
Patents issued in the U.S. may apply only in the U.S.
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T/F: To receive a patent, a machine or process must demonstrate usefulness. |
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T/F: To receive a patent, a machine or process must demonstrate novelty. |
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T/F: To get a patent, a machine or process must be non-obvious. |
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George Harrison (of Beatles fame) once had to pay a legal settlement of over a half-million dollars for stealing a song. This was violation of. . . |
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T/F: Einstein got rich by patenting his equation that specified the relationship between mass and energy. |
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False:
Ideas by themselves are not patentable. You must have an invention, not just the idea for one in order to get a patent.
E = mc2 is not patentable |
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A reason for registering for a copyright on an original work is that. . . |
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. . . it allows you to file a lawsuit against infringement.
infringement: The use of a work or a part of a work without permission, or the improper use of another's trademark or a confusingly similar mark that creates the appearance of an affiliation with or actually being the other product or service. |
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T/F: Original computer code cannot be copyrighted. |
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False: Computer code to make a computer perform some task is copyrightable, but what the instructions do is not copyrightable. So a computer program that sorts a list is copyrightable, but you can write a new copyrightable program to sort a list so long as it uses different code. |
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In the Viacom lawsuit against Google (YouTube), Google and the Electronic Frontier Foundation claim that Google is innocent of copyright infringement because. . . |
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. . . of the safe harbor provision of the Digital Millenium Copyright Act (DMCA).
:If a service provider qualifies for the safe harbor exemption, only the individual infringing customer are liable for monetary damages; the service provider's network through which they engaged in the alleged activities is not liable. |
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Kevin Kelly, in "Scan This Book," says that the two most important recent inventions are. . . |
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. . . the link and the tag. |
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It is Kevin Kelly's assertion that with the continual extension by Congress of the term of copyright protection that. . . |
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. . . copyright now just serves to preserve a threatened business model. |
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A so-called "orphan" work is a . . . |
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. . . book with an unknown copyright holder. |
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T/F: Kevin Kelly (New York Times Magazine) sees current copyright controversies as being between two business models, one in which copies are plentiful, cheap, and protected, and one in which copies are free. |
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In Dan Carnevale's article in The Chronicle of Higher Education, the lawsuit and ultimate settlement was won because. . . |
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. . . using a copy machine to make and produce copies of a book is not fair use.
Fair Use: "If the use of the work furthers progress in the sciences and the arts (i.e., if it promotes learning, knowledge, and the public good) and if its use will do relatively little harm to the aurthor's property rights, then it is not necessary to get the author's permission to use the work."
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Major League Baseball told a fastasy baseball league creator, CBC, to either pay them royalties or quit using players names and statistics. One ground for the MLB claim is that players' names and stats are. . . |
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T/F: "Parody of a copyrighted song or video is currently illegal under the doctrine of fair use in the U.S.?" |
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False: ...
You need to weigh four factors, and judge whether the use is fair: 1) Purpose and character of the use – use for teaching in a non-profit institution weighs in favor of fair use. 2) Nature of the work – If the work is published, fact based, or out of print, that weighs in favor of fair use. 3) Amount used – using small portions weighs in favor of fair use. 4) Market effect – Use is more likely to be fair if there's no effect on the market value of the work being used.
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MARKETS IN BODY PARTS AND TRANSFATS! |
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A good basis for government interference in the restaurant meal market is that the market fails due to. . . |
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. . . imperfect information. |
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The largest city to ban transfats in restaurants is. . . |
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T/F: John Tierny is correct in his assertation that transfats and saturated fats are equally unhealthy. |
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False: ...
While saturated fats raise both types of blood cholesterol—the bad LDL and good HDL—trans fats raise the bad and lower the good. A double whammy to your heart. They also make blood platelets stickier and more likely to form clots.
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T/F: Except for some trace amounts found in some meats, transfats do not occur in nature. |
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Scientific studies have shown that transfats. . . |
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. . . increase bad cholesterol, and lower good cholesterol. |
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T/F: KFC has stopped using transfats in its restaurants. |
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T/F: According to the CSI film clip, organs, tissue, and bone are all treated the same for transplant purposes. |
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T/F: Under U.S. law, the market in human transplant organs is much more tightly regulated than the markets in bone transplants. |
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True
It's against the law in the U.S. to sell organs – they must be voluntarily donated under a system of informed consent, and other protocols.
Bone and tissue, on the other hand, can be bought and sold within a system of informed consent, and other protocols involving things like testing tissue samples for disease.
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A good basis for government interfering in the markets for human bone and tissue (as opposed to organs) is. . . |
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. . . information problems. |
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Which of Alistair Cooke's body parts were stolen from his body after his death? |
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