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What is the Medicaid Notch?
Do you think that the Medicaid Notch is a realistic concept?
Let's say that you are poor with limited income and cannot afford medical insurance. You have a Medicaid benefit (up to $4,000) that will come to you provided that you earn less than $12,000 per year. You are earning $11,000 a year right new, but due to your rising skills, you are offered a job that pays $12,500. You think that the new job will lead to something even better in the future, but you can't be certain about this because you cannot really predict the future. What would YOU do?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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