Welfare data show that in the United States
a. most welfare recipients receive benefits only for a short time.
b. welfare encourages young women to have children.
c. children brought up on welfare tend to remain on welfare as adults.
d. having poor parents does not increase the chances of a child's being on welfare as an adult.
e. children of poor parents have a 50 percent chance of being middle-income adults.
A
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Social insurance revenues _____ come from _____
a. primarily; Social Security payroll taxes b. primarily, Medicare taxes c. primarily; Social Security payroll taxes and Medicare taxes d. do not; Social Security payroll taxes
If supply increases and demand decreases
A) the market clearing price definitely rises, and the equilibrium quantity definitely falls. B) the market clearing price definitely rises, and the effect on the equilibrium quantity is indeterminate. C) the market clearing price definitely falls, and the effect on the equilibrium quantity is indeterminate. D) the effect on the market clearing price is indeterminate, and the equilibrium quantity definitely falls.
Which of the following statements best describes the concentration movement between 1875-1905?
a. There were two phases, the first of which had relatively more horizontal mergers and the second had relatively more vertical mergers. b. The first phase focused on vertical mergers, the second was a period of relative inactivity in acquisitions, and the third decade was one of horizontal mergers. c. There were three phases, the first of which had relatively more vertical mergers and the second had relatively more horizontal mergers. d. There were two waves of mergers. In the first wave most mergers were motivated by the desire to obtain monopoly profits and the second wave was obtained through greater economies of scale.
Market failure occurs when supply and demand curves only reflect:
a. private or market costs and benefits. b. external costs and benefits. c. external benefits. d. external costs.