Which of the following is an example of a noncash transfer that is typically not included in the income-distribution data?
A. Social Security benefits
B. Welfare assistance
C. Unemployment compensation
D. Medicare
D. Medicare
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It is possible for the government to remove individuals from a prisoner's dilemma setting and make them better off.
Answer the following statement true (T) or false (F)
Moral hazard and adverse selection are similar asymmetric information problems but moral hazard involves hidden actions while adverse selection involves hidden characteristics
a. True b. False Indicate whether the statement is true or false
Output per person must be ________ output per worker.
A. greater than or equal to B. no more than half the size of C. equal to D. less than or equal to
Exhibit 8-8 Consumption function
?
In Exhibit 8-8, which of the following could cause the movement from C1 to C2?
A. a decrease in real asset holdings B. lower interest rates C. expectations that the economy will grow D. expectations of lower future prices