Which of the following programs is means tested?
a. Social Security
b. Unemployment insurance
c. Medicare
d. Supplemental Security Income
d
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A trend is a general tendency for a variable to increase or decrease over time
Indicate whether the statement is true or false
Marginal utility diminishes as consumption of a good decreases
Indicate whether the statement is true or false
Refer to the above figures. A tariff is placed on a foreign good. Which figure represents the situation in the domestic market for the foreign good?
A) Panel A B) Panel B C) Panel C D) Panel D
Which of the following can occur, when the government imposes a price control on a market?
(a) Excess supply of a good/service. (b) Excess demand for a good/service. (c) Price is not at its equilibrium level. (d) All of the above.