Which is the most accurate statement?
A. The poverty of older Americans is much greater than the problem of child poverty.
B. Public assistance has been considered a great success.
C. Medicare and Medicaid date back to the New Deal of the 1930s.
D. Less than half of those eligible receive food stamps.
D. Less than half of those eligible receive food stamps.
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Jenn is willing to pay $75 for a purse and the purse's price is $60. What is Jenn's consumer surplus?
What will be an ideal response?
In order to analyze costs and benefits that are paid and received at different times, they must be valued at ________ in time as funds received or paid in the future are worth ________ than the same amount received or paid today.
A) a single point; more B) different points; less C) a single point; less D) different points; more
On which of the following does the neoclassical counter-revolution school most blame underdevelopment?
a. misguided government policies b. relatively rigid cultural traditions c. the legacy of colonialism d. unfair trade practices on the part of developed countries
Suppose the economy is initially experiencing a recessionary gap. An increase in the size of the budget deficit will
A. increase the size of the recessionary gap. B. lead to an increase in prices with no increase in real GDP. C. lead to a decrease in prices with an increase in real GDP. D. reduce the size of the recessionary gap.