A federally funded, state-administered program that pays medical and hospital costs for welfare recipients and other low-income people is
a. Medicare
b. federal HMO
c. state HMO
d. Fedicare
e. Medicaid
E
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How large was the estimated U.S. fiscal imbalance in 2014 and how did it divide between current and future generations?
What will be an ideal response?
A supply restriction on imported goods, such as the government's restriction of imported oil for many years, is referred to as
A) an export quota. B) an import quota. C) a price floor. D) a price ceiling.
A choice architect is someone who:
A. designs areas that have a lot of choices in determining how the space is used. B. determines how people should make decisions inside of a specific environment. C. is in a position to shape the decision-making environment. D. determines which choices are available to builders in a specific area.
Consider a town with three residents. The residents' demand curves for various acres of a public park are shown below.
Suppose the city receives a grant that pays one half of the cost of each acre the city buys. If the cost of land is $28 per acre, the optimal park size is
A. 6. B. 2. C. 4. D. 8.