Public assistance programs:
A. provide the same amount of support to families in poverty in every state of the United States.
B. are available only to single-parent families with at least three children.
C. are means-tested social programs targeted to the poor and providing financial, nutritional, and housing assistance.
D. are not means-tested and are targeted to the public.
Answer: C
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Mutual interdependence means that each firm in an oligopoly
A. depends on the other firms for its markets. B. considers the reactions of its rivals when it determines its pricing policy. C. faces a perfectly inelastic demand for its product. D. depends on the other firms for its inputs.
Suppose the market for pizza slices is in equilibrium at a price of $1 per slice. What conditions are likely to be satisfied in the pizza slice market?
What will be an ideal response?
Restrictive monetary policy will:
A. Decrease the lending capacity for banks. B. Reduce interest rates. C. Cause a rightward shift of aggregate demand. D. Raise the equilibrium price level.
Ultimately, the real burden of paying for Social Security benefits will be paid for by
A. taxes levied on workers. B. new federally issued Treasury bills. C. Social Security trust fund bonds. D. a new tax levied on businesses.