Before the 1970's, the immigrant population in the U.S.:
A. Was more likely to receive public assistance than people born in the United States
B. Was less likely to receive public assistance than people born in the United States
C. Was just as likely to receive public assistance as people born in the United States
D. Did not qualify for public assistance
B. Was less likely to receive public assistance than people born in the United States
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If recessions are in large part the consequence of coordination failures,
A) government must direct or control private spending to reduce instability. B) stability cannot be achieved without the use of discretionary fiscal policy. C) stability cannot be achieved without the use of discretionary monetary policy. D) the economy is unlikely to respond smoothly and predictably to shifts in government policy.
Not enforcing property rights in an economy will
A) lower the level of investment. B) raise the level of investment. C) not change the level of investment. D) cause the market system to work efficiently.
What does it mean for a good to be nonexcludable?
What will be an ideal response?
The sacrifice ratio is the percentage point increase in the unemployment rate created in the process of reducing inflation by one percentage point
a. True b. False Indicate whether the statement is true or false