States pay for 50 percent of the administrative costs of the Supplemental Nutrition Assistance Program.
Answer the following statement true (T) or false (F)
True
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Use the following production possibilities tables to answer the next question.Germany's Production Possibilities ABCDEFAutos (millions)048121620Chemicals (millions)4032241680United States' Production Possibilities ABCDEFAutos (millions)03691215Chemicals (millions)60483624120Suppose that each nation specializes in producing the product for which it has a comparative advantage, and the terms of trade are set at 3 units of chemicals for 1 unit of autos. In this case, Germany could obtain and consume a maximum combination of 8 million units of autos and
A. 24 million units of chemicals. B. 36 million units of chemicals. C. 48 million units of chemicals. D. 12 million units of chemicals.
Refer to Table 9-12. Prior to trade, what was the opportunity cost to produce 1 sword in Estonia?
A) 1/3 of a belt B) 3/5 of a belt C) 1.67 belts D) 3 belts
The deadweight loss from monopoly exists because:
A. resource owners hired by the monopolist gain at the expense of consumers. B. the marginal benefit of the monopolist's product to society exceeds the monopolist's marginal cost. C. the monopolist produces at an output level at which no one can be made better off without making someone worse off. D. there are no net gains to society at the output level produced by a monopolist.
We would expect the risk spread between Baa bonds and U.S. Treasury securities of the same maturities to:
A. remain relatively constant over the business cycle. B. increase during economic growth periods. C. widen during periods of economic recession. D. decrease during economic slowdowns.