Each of the following is a provision of the 1996 welfare reform law except that
A. the federal guarantee of cash assistance for poor children is ended.
B. the head of every welfare family would have to work within 2 years or the family would lose benefits.
C. after receiving welfare for two months adults must find jobs or perform community service.
D. women who have more children while on welfare will have their benefits reduced.
D. women who have more children while on welfare will have their benefits reduced.
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Average weekly hours in manufacturing is an example of a:
A) leading indicator. B) coincident indicator. C) lagging indicator. D) none of the above.
If a local shop buys a used motorcycle for $1,000, makes repairs and refurbishes it, then resells it for $2,500, the
a. shop contributes value added equal to $1,500, but nothing is added to GDP. b. shop contributes value added equal to $1,500, and consequently $1,500 is added to GDP. c. shop contributes nothing to production because only existing goods are involved. d. shop contributes value added equal to $2,500, but only $1,500 is added to GDP.
QN=75 (17802) Suppose a basket of goods and services has been selected to calculate the CPI and 2002 has been selected as the base year. In 2002, the basket's cost was $50; in 2004, the basket's cost was $52; and in 2006, the basket's cost was $54.60. The value of the CPI in 2004 was
a. 96.2. b. 102.0. c. 104.0. d. 152.0.
Which of these financial intermediaries is most likely to invest in new companies that are just starting up and have no track record?
A) Asset management companies B) Hedge funds C) Private equity funds D) Venture capital funds