The percentage of the U.S. population living in poverty during the 2000 to 2011 period:
A. Decreased slightly
B. Increased
C. Remained relatively constant
D. Decreased sharply
B. Increased
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Explain and give some examples of governmental policy problems
What will be an ideal response?
Who from among the following would be counted as unemployed?
A. A person who is willing to work but has not looked for a job in two months.
B. A person with a part-time job who wants and is looking for a full-time job.
C. A person who is willing to work and has looked for a job in the last week.
D. All of these people would be counted as unemployed.
The government safety net creates both an adverse selection problem and a moral hazard problem. Explain
What will be an ideal response?
Refer to the information provided in Table 21.1 below to answer the question(s) that follow. Table 21.1
Refer to Table 21.1. The value of government spending in billions of dollars is
A. 100. B. 200. C. 300. D. 500.