What are public assistance programs?
What will be an ideal response?
Public assistance programs are government transfer programs that provide cash benefits to families with dependent children whose incomes and assets fall below a very low level and the very poor regardless of whether they have children.
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Prices that firms charge should take into account the elasticity of demand
Indicate whether the statement is true or false
If the interest rate on the loanable funds market is above its equilibrium level,
a. the equilibrium rate will rise b. people will want to borrow more funds than are available c. the supply curve of loanable funds will shift to the left d. there is an excess supply of loanable funds e. this is an excess demand for loanable funds
Which of the following is an example of a government program that provides cash assistance to the poor?
a. Temporary Assistance to Needy Families b. Medicaid c. food stamps d. public housing e. Head Start
A store is choosing between advertising a credit card fee or a discount for paying cash to its customers. People will care more about:
A. avoiding the fee rather than getting the discount. B. neither; since it's the same outcome, people won't care one way or another. C. getting the discount rather than avoiding the fee. D. It is impossible to say without more information.