Social Security and Medicare, programs that benefit the elderly primarily, make up the greatest share of federal redistribution programs since 1962
a. True
b. False
A
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If Greg uses a special glue to make model planes that he sells and the price of his model planes increases, then one would expect that the equilibrium price of the special glue would _______ and the equilibrium quantity would _________
a. increase; decrease b. decrease; increase c. increase; increase d. decrease; decrease e. increase; indeterminant
Economists generally believe that rent control is
a. an efficient and fair way to help the poor. b. inefficient but the best available means of solving a serious social problem. c. a highly inefficient way to help the poor raise their standard of living. d. an efficient way to allocate housing, but not a good way to help the poor.
What does a "most-favored-nation (MFN)" status mean?
What will be an ideal response?
Which of the following was a free market philosopher?
a) Karl Marx b) Adam Smith c) Vladimir Lenin d) Friedrich Engels