Which of the following is a social insurance program?
a. Medicaid
b. food stamps
c. unemployment compensation
d. Temporary Assistance for Needy Families
e. general assistance
C
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How might a monopolistically competitive firm continually earn economic profit greater than zero?
What will be an ideal response?
Suppose that Congress allocates $5 billion to an "energy-efficient appliance rebate" program. It also raises taxes by $5 billion to keep the deficit from growing. If the marginal propensity to consume is 0.8, what is the effect on equilibrium GD
A) GDP does not change. B) GDP increases by $5 billion. C) GDP increases by $25 billion. D) GDP increases by $4 billion.
If a firm's marginal costs ________ then its ________
A) fall; best-response curve shifts B) rise; forced out of the oligopoly C) rise; output increases D) fall; price falls
Workers who demand a wage that is higher than the equilibrium wage
A. Must belong to a union in order to secure a job. B. Will never benefit from joining a union. C. Will find it difficult to secure a job. D. Will easily secure a job.