What does Temporary Aid to Needy Families (TANF) provide to recipients?
What will be an ideal response?
TANF provides up to 60 months, consecutive or nonconsecutive, of cash assistance.
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Why do airlines tend to lower ticket prices in the winter?
A. Supply is relatively variable, and a drop in demand lowers equilibrium price B. Demand is relatively variable, and a drop in supply lowers equilibrium price. C. A drop in both supply and demand lowers equilibrium price. D. Supply is relatively fixed, and a drop in demand lowers equilibrium price. E. Demand is relatively fixed, and a drop in supply lowers equilibrium price.
If the supply of a good is perfectly inelastic, the price elasticity of supply will equal
A) positive infinity. B) one. C) zero. D) none of the above.
When firms price based on the packaging of several products, they are
A) using a limit price. B) predatory in their marketing. C) bundling. D) none of these choices.
Improved labor skills contribute to growth of the economy by:
A. Increasing productivity. B. Raising savings rates. C. Raising investment rates. D. Replacing capital.