Medicaid is the most expensive program that the government runs that provides benefits to the poor.
A. True
B. False
C. Uncertain
A. True
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Since 1970, the distribution of income in the United States
A) generally has become more equal. B) generally has become less equal. C) has become more equal than the distribution of wealth. D) has shown no discernible trend.
What makes the U.S. dollar exchange rate fluctuate?
What will be an ideal response?
If the government imposes a price ceiling below the market equilibrium price, which of the following will result?
a. There will be a surplus of the good. b. The quantity demanded will exceed the quantity supplied. c. The quantity supplied will exceed the quantity demanded. d. The demand curve will shift to the left.
For a large firm that produces and sells automobiles, which of the following costs would be a variable cost?
a. the $20 million payment that the firm pays each year for accounting services b. the cost of the steel that is used in producing automobiles c. the rent that the firm pays for office space in a suburb of St. Louis d. All of the above are correct.