The U.S. government provides monthly payments to retired workers under which program?
A) the Old Age, Survivors, Disability and Health Insurance (OASDHI)
B) the Temporary Assistance for Needy Households (TANF)
C) the Supplementary Security Income (SSI)
D) a series of income tax rebates
A
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Direct controls are generally much more costly than emissions taxes because
A. under direct controls emissions cutbacks are usually not apportioned among the firms on the basis of their ability to reduce pollution cheaply and efficiently. B. emissions tax per unit of output is higher than the per-unit direct control program cost. C. government cannot legally levy emissions taxes that are as high. D. firms disregard emissions taxes.
When a person holds money, they give up
A) the pleasure associated with spending money. B) the pleasure associated with saving money. C) the interest that could have been earned if the money had been changed into an interest-bearing asset. D) nothing, since the person can always use the money to buy goods or services or interest-bearing assets.
Compensation of employees:
a. excludes the monetary value of fringe benefits. b. excludes paid vacations. c. is the largest component of GDP. d. excludes employer's taxes paid for employees' Social Security. e. includes rental income.
What happens to supply when input costs go up?
(A) It decreases because consumers find a substitute product. (B) It decreases because the good becomes more expensive to produce. (C) It increases because the good becomes more expensive to produce. (D) It increases because the good becomes cheaper to produce.