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. According to the study cited in the Application, does EITC improve income distribution?
A. Yes, aside from increasing income for low-income households, it improves the health levels of the worker and their families.
B. Yes, EITC encourages workers to sop working and get an education in the health industry.
C. No, only the politicians get rich because of EITC.
D. No, the level of spending on EITC is so low it has no measurable effects on incomes of the poor.
Answer: A
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If a bank's actual reserves are greater than its required reserves, it has ________.
Fill in the blank(s) with the appropriate word(s).
The increase in wage inequality resulting from globalization can be reversed through:
A. making markets more competitive. B. revoking the principle of comparative advantage. C. decreases in worker mobility. D. increases in worker mobility.
Which of the following scenarios shows the likely effect of a 20% tariff on steel imports?
a. The price of imported steel falls. b. The volume of steel imports rises. c. Sales of imported steel increase. d. The price of domestic steel rises.
The nominal exchange rate:
A. is the price of one country's currency stated in units of another country's currency. B. is adjusted once a year and is the price at which goods are traded. C. is the price of a good in one country expressed in units of the same good in another country. D. is fixed by the central banks of countries.