To be eligible for Medicaid, pregnant woman and children under one-year-of-age must live in a household with family income under
A. 133% of the poverty line for their family size.
B. 185% of the poverty line for their family size.
C. $10,000.
D. $35,000.
Answer: B
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If the market value of what it has lent is less than the market value of what it has borrowed, a financial institution's net worth is ________ and it is ________
A) negative; illiquid and insolvent B) positive; illiquid and insolvent C) negative; insolvent but not necessarily illiquid D) positive; insolvent but not necessarily illiquid E) negative; illiquid but not necessarily insolvent
Gwen’s decision to buy a new television instead of a bicycle for the same price
A. means that opportunity cost is zero since both cost the same amount. B. would not have involved trade-off and opportunity cost if Gwen had decided to put the money in a bank CD instead. C. would not imply a trade-off because of scarcity if Gwen were a multimillionaire. D. means that the opportunity cost to Gwen is the bicycle that she has given up.
Rate of return regulation is typically imposed on
A) monopolistically competitive firms. B) an oligopoly. C) a natural monopoly. D) perfectly competitive firms.
A public expenditure that has to be approved each year is called:
A. discretionary spending. B. nondiscretionary spending. C. entitlement spending. D. earmarked spending.