Julia is offered two options of government subsidies: $100 food stamp or $100 cash. If she receives $100 cash, she will spend $80 on food
If equivalent evaluation is measured for the situation when only $100 is available to her, the equivalent evaluation is A) greater than $100.
B) equal to $100.
C) less than $100.
D) Not enough information.
C
You might also like to view...
The supply curve shows the relationship between the
A) cost of production and the price of the product. B) cost of resources and cost of production. C) price of the product and quantity supplied. D) quantity demanded and the quantity supplied.
Which of the following statements accurately reflects research findings on the distribution of colonial wealth?
a. The poorest 20 percent of colonist controlled nearly 20 percent of colonial wealth. b. Distributional inequality tended to be greater in rural areas than in cities, particularly in New England. c. Colonial wealth was distributed more unequally in the Middle colonies than in the South or New England. d. The opportunity for income mobility was probably greater in the colonies than in England.
Which of the following is an example of a fiscal policy?
a. Raising the discount rate b. Reducing the reserve requirement c. Reducing tax rate d. Pegging the currency
Which of the following is not correct?
a. The president of the New York Federal Reserve bank is the only Federal Reserve Regional Bank President who gets to vote at every meeting of the Federal Open Market Committee. b. The Fed's policy decisions influence the economy's rate of inflation in the short run and the economy's employment and production in the long run. c. The Fed's primary monetary policy tool is open-market operations. d. All of the above are correct.