Workfare requires able-bodied individuals to participate in work-related activities in order to receive transfer payments.

A. True
B. False
C. Uncertain


A. True

Economics

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When the Chinese government buys U.S. government bonds, from the perspective of the United States, this is a(n):

A. capital inflow. B. export. C. import. D. capital outflow.

Economics

The main international repercussion of either a fiscal expansion or monetary contraction is to

a. raise interest rates and the exchange rate, thereby crowding out net exports. b. raise interest rates and lower the exchange rate, thereby crowding in net exports. c. lower interest rates and the exchange rate, thereby crowding in net exports. d. lower interest rates and raise the exchange rate, thereby crowding out net exports.

Economics

Someone notices that sunspot activity is high just prior to recessions and concludes that sunspots cause recessions. This person has

a. confused association and causation. b. misunderstood the ceteris paribus assumption. c. used normative economics to answer a positive question. d. built an untestable model.

Economics

Based on this graph, the year with the highest surplus took place in the ______.


a. 1940s
b. 1970s
c. 1990s
d. 2000s

Economics