Recall the Application about the effects of increasing state level Earned Income Tax Credit (EITC) on child health in the United States to answer the following question(s).Recall the Application. Earned Income Tax Credit improves child health because:
A. it increases employment and hence, health benefits.
B. it increases income resulting in higher health expenditures.
C. it forces children to work so they can get health insurance.
D. it increases employment and hence, health benefits and it increases income resulting in higher health expenditures are both correct.
Answer: D
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Which action could the Fed use to decrease the money supply?
A) a tax increase B) a decrease in the discount rate C) an increase in the required reserve ratio D) an open market purchase
You are given the following consumption function C = 50 + .80YD. What is the amount of autonomous consumption expenditures?
A) 75 B) 100 C) 5 D) 50
During a banking panic, a lender of last resort will
A) purchase banks which are having difficulty but appear sound. B) make loans to solvent but temporality illiquid banks. C) make loans to insolvent but liquid banks. D) make loans to any banks which request them.
If we are going to get the most value from our resources, entrepreneurs should choose the investment alternatives that
a. yield a profitable rate of return. b. are most heavily subsidized by the government. c. result in the production of the largest possible output regardless of value to consumers. d. reduce the value of resources and retard wealth accumulation.