Means-tested income transfer programs are referred to as
A. In-kind transfer programs.
B. Cash transfer programs.
C. Social insurance programs.
D. Welfare programs.
Answer: D
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An increase in quantity supplied
a. results in a movement downward and to the left along a fixed supply curve. b. results in a movement upward and to the right along a fixed supply curve. c. shifts the supply curve to the left. d. shifts the supply curve to the right.
An increase in U.S. demand for Japanese made cars (made in Japan) would, other things equal, increase the U.S. financial account surplus
a. true b. false
Briefly discuss the effects of export subsidies given a competitive industry.
What will be an ideal response?
If a firm does not sell all of the goods that it produces in a given time period, then the goods
A) do not count in GDP for that time period but always count next period. B) do not count in GDP ever. C) count in GDP the period they are sold to the final user. D) count negatively in GDP as inventory investment. E) count positively in GDP as inventory investment.