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8 Cards in this Set
- Front
- Back
Medicare |
-A Federal program funded by a payroll tax providing health insurance to elderly over 65 and disabled persons under 65. -largest public health insurance program in U.S. -for citizens who have worked 10 years and paid payroll taxes. |
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Medicaid |
-Federal and state program funded by general tax revenues. -provides health care for poor families, elderly, and disabled. -federally mandated, state administered -little cost sharing, low premiums. |
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Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (PRWORA) |
- dramatically reshapedcash and food welfare programs and helped reduce federal welfare spending. -a performance bonus to reward states for moving welfare recipients into jobs - before states receive matching grants; after implementation states received a lump sum block grant to provide time limited benefits to a broader range to low income families. |
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International Trade Model (Internal Operations) |
-currency (banking system) -disbribution -hospitals -labor -trade agreements -transportation/port -product supply |
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International Trade Model (External Operations) |
-G7/G8 -WHO -NATO -WTO -WB -AAIB -International Labor Org -IMF -EU/USA/China -private banks |
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Iron triangle |
TBA |
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EU BRICS v. PIGS |
EU- 28 member countries which are bound by trade and can trade freely. BRICS-Brazil, Russia, India, China, South Africa (emerging markets) -1/2 world's pop PIGS- Portugal, Italy, Greece, Spain (declining markets) |
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Elasticity |
-Responsiveness or sensitivity to a change in price. See graphs Elastic > 1 Inelastic < 1 Unitary elastic =1 Calculate = %∆ in Q (d or s) _________________ %∆ in price |