Under current federal antipoverty programs,
a. economic equality is promoted at the least possible cost in economic efficiency.
b. a family's benefits do not depend on its earnings from work.
c. a family's total income (cash and in-kind benefits) may actually fall if its earnings from work rise.
d. families with children are entitled to no more assistance than families without children.
c
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Consumers in an economy buy only three general types of products: A, B, and C. Changes in the prices of these items over a period are shown below: Average Price per UnitProductQuantityYear 1Year 2A10$10$8B152022C85055Using year 1 as the base year, the country's price index in year 2 is ________.
A. 100.0 B. 105.2 C. 106.3 D. 103.9
The legal system in the United States tends
A) to support monopolies. B) to actively discourage unionization. C) to discourage the entry of new firms into industries. D) to promote competition.
If Sally Smith creates VCU1 by playing an online game, the effect is to cause the nation's:
a. Monetary base to fall. b. M2 money supply to fall. c. M2 money multiplier to remain the same. d. M2 money supply to rise.
When the price of movie tickets increases, the sale of popcorn at movie theaters decreases. This effect is measured by ______ elasticity of demand.
a. revenue b. unit c. income d. cross-price