Social insurance programs are designed to:
A. keep those in chronic poverty fed, clothed, and housed.
B. protect against the temporary hard times that can lead to transient poverty.
C. aid those communities that become impoverished.
D. None of these is true.
Answer: B
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Which organization is responsible for managing the nation's money supply?
A) Fort Knox B) The United States Congress C) The United States Treasury D) The Federal Open Market Committee E) The American Economic Association
Advocates of steel tariffs to protect U.S. steel firms realize that when imposing such tariffs, the gains of firms are outweighed by the losses to consumers.. This implies that
A) such advocates value producer surplus more than consumer surplus. B) such advocates want to help consumers. C) such advocates value consumer surplus more than producer surplus. D) such advocates value producer surplus and consumer surplus equally.
How does a free-market system address the output selection task?
Low inflation rates and high inflation rates impose different costs on society
a. True b. False Indicate whether the statement is true or false