Which of the following program(s) examples is (are) in-kind assistance to fight poverty in the United States?
a. Medicaid
b. Negative income tax
c. Supplemental security income (SSI)
d. Aid to Families with Dependent Children (AFDC)
e. Welfare checks
A
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The table above gives data for the nation of Mosh. The MPC of the economy is
A) .75. B) 1. C) .90. D) .80. E) indeterminate with the information provided.
People who live in countries with ________ average incomes generally live __________ lives.
A. lower; shorter B. lower; longer C. higher; shorter D. higher; more meaningful
In the long run a perfectly competitive firm operates ____ and a monopolistically competitive firm operates ____
a. at the efficient scale; with excess capacity b. at the efficient scale; at the efficient scale c. with excess capacity; with excess capacity d. with excess capacity; at the efficient scale
Figure 2-3
shows the production possibilities frontier for a music processing plant that can produce both compact disks and cassettes. The opportunity cost of moving from point B to C is
a.
20 cassettes
b.
120 compact disks
c.
100 cassettes
d.
60 compact disks
e.
180 compact disks