The program that redistributes the most money is:
A. the Department of Housing and Urban Development's housing programs.
B. Supplemental Security Income.
C. the Social Security system.
D. Aid to Families with Dependent Children.
Answer: C
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A firm's value added can be measured as the value of its
A) profits. B) total sales. C) total sales, less purchases from other firms. D) purchases of inputs from other firms.
How do we calculate the effects of real GDP on consumption expenditure and imports by using the marginal propensity to consume and the marginal propensity to import?
What will be an ideal response?
Using the above table, a unit tax of $2 is imposed on the product. How much of the tax is paid by the producer?
A. $3 B. $2 C. $1 D. unable to determine
A monopsonist that wants to hire more labor must pay more for the new labor than it is currently paying and increase the wage rate of all existing employees because
A) the demand curve for labor is inelastic. B) of labor unions. C) the supply of labor is upward sloping. D) of competition in the labor market.