Why are government welfare programs often called entitlement programs?
A. Because every U.S. citizen, regardless of income, is entitled to receive benefits under these programs.
B. Because everyone living in the U.S., whether the person is a citizen or not, is entitled to a minimum level of income.
C. Because those who fail a means test are eligible for cash assistance but not in-kind transfers.
D. Because people whose income is below a certain level are entitled to government assistance.
Answer: D
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If a single household received all income, the Gini coefficient would
a. have a value of zero. b. be identical to the Lorenz distribution. c. have a value of 1. d. have a value of infinity.
Which of the following is an example of an injection into the circular flow of income and expenditure?
a. Consumption b. Exports c. Taxes d. Saving e. Government borrowing
The skills, training, and education possessed by workers that contribute to economic growth are known as
What will be an ideal response?
Which of the following statements is true?
A. Leverage increases risk. B. Leverage lowers the expected return and lowers risk. C. Leverage increases expected return while lowering risk. D. Leverage lowers the expected return and increases risk.