Evidence suggests that the 1996 Welfare reform laws increased work by welfare recipients through
A. increased use of work requirements and incentives.
B. increased use of work requirements only.
C. increased use of work incentives only.
D. pure coincidence.
Answer: A
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All of the following reduce the transaction costs for consumers EXCEPT
A) eBay. B) a shopping mall. C) the Supreme Court decisions regarding the Second Amendment. D) a grocery store.
Sweet Husks is a perfectly competitive corn farm. Currently, the expected price of an ear of corn is $0.20 and, at its current production level, Sweet Husks has a marginal cost of $.20 per ear. Which of the following is true regarding Sweet Husks?
A) To maximize expected profit, Sweet Husks should increase production. B) To maximize expected profit, Sweet Husks should decrease production. C) To maximize expected profit, Sweet Husks should double production. D) Sweet Husks is maximizing expected profit.
How are consumers, firms, and investors affected when the U.S. dollar is “weak?” Who benefits and who is harmed?
What will be an ideal response?
Excluding indirect business taxes and depreciation, Gross Domestic Income (GDI)
A. never equals GDP. B. is the sum of all income paid to the factors of production. C. would equal GDP if there was no depreciation. D. cannot be computed.