What is an entitlement?
What will be an ideal response?
Answer: a social welfare program providing benefits to people who meet certain eligibility requirements
You might also like to view...
The above figure shows the U.S. market for flip-flops. When there is no international trade, the U.S. price is ________ per flip-flop and the U.S. quantity is ________ flip-flops
A) $14; 300,000 B) $14; 500,000 C) $14; 700,000 D) $12; 700,000 E) $12; 300,000
In macroeconomics, the connection between inputs and outputs for an economy is called a(n) _____
a. production possibility frontier b. aggregate production function c. isoquant curve d. consumption-possibility frontier
In a closed economy, if Y and T remained the same, but G rose and C fell but by less than the rise in G, what would happen to private and national saving?
a. private and national saving would rise b. private and national saving would fall c. private saving would rise and national saving would fall d. private saving would fall and national saving would rise
Suppose the supply of dollars decreased from S2 to S1 in Figure 36.3. As a result of this change,
A. A trade deficit will be created in Switzerland. B. Swiss chocolate imports to the United States will be lower-priced in dollars. C. The Swiss franc will gain value worldwide. D. U.S. computer exports to Switzerland will be lower-priced in dollars.