Because the AFDC program reduced benefits by almost $1 for every $1 earned, a single parent of two small children requiring day care would have to
A. resort to crime just to make ends meet.
B. work fulltime earning at least one-half the minimum wage to be better off working than on welfare.
C. work fulltime earning at least twice the minimum wage to be better off working than on welfare.
D. work fulltime earning at least the minimum wage to be better off working than on welfare.
Answer: C
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Frictional unemployment exists because:
A) firms do not make an attempt to advertise the vacancies they have. B) unemployment benefits are capped in most economies. C) firms and workers have imperfect information about each other and the state of the economy. D) job markets are heavily regulated by the government..
Write a brief history of the federal income tax in the United States. Your description should reference dates and constitutional/political issues, if any
What will be an ideal response?
The macroeconomist would most likely study
A) the effects of changing apple prices on the market for oranges. B) the effects of an increase in wage rates on a woman's decision to enter the labor force. C) the effects of a lower income tax rates on the nation's total production of goods and services. D) the effect of increased union wages on the cost of producing automobiles.
A market is said to be in equilibrium when
A. The buying intentions of all consumers are realized. B. The supply intentions of all sellers are realized. C. The quantity demanded equals the quantity supplied. D. Demand is fully satisfied at all alternative prices.