If we include cash benefits and in-kind benefits available to low-income people, the share of the U.S. population in poverty
A. increases somewhat.
B. drops dramatically.
C. increases dramatically.
D. does not change.
Answer: B
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In a perfectly competitive market, one farmer's barley is
A) completely different from another farmer's barley. B) a perfect substitute for another farmer's barley. C) a monopolized product in that farmer's local market. D) a monopolized product in the national market. E) slightly different from another farmer's barley.
Which of the following would be most likely to improve the standard of living of the residents of a less-developed country?
What will be an ideal response?
A fiscal policy action to close an expansionary gap is to:
A. decrease taxes. B. increase the marginal propensity to consume. C. increase transfer payments. D. decrease government purchases.
________ is financed through a payroll tax.
A. The Earned Income Tax Credit program B. The Social Security system C. The Public Housing program D. The SNAP program