All of the following are social insurance programs designed to attack poverty EXCEPT
A) Social Security.
B) temporary assistance to needy families.
C) food stamps.
D) tuition assistance.
D
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Arm and Hammer baking soda, which was originally developed as a cooking ingredient, is now being sold as an effective refrigerator deodorizer. This is an example of ____________ innovation.
A. positioning B. process C. distributed D. associative
For the law of diminishing returns to be present, we must have:
A. at least one factor of production to be fixed. B. output decreasing as more laborers are hired. C. the price of labor increasing as more workers are hired. D. simultaneous changes in labor and capital.
Answer the following questions true (T) or false (F)
1. There are no costs to inflation if it is fully anticipated. 2. If you received negative marginal utility from consuming the 4th slice of pizza, then your total utility from 4 slices of pizza must be less than your total utility from 3 slices of pizza. 3. When diminishing marginal utility sets in, total utility must be negative.
Cyclical unemployment results from:
A. a deficiency of spending on goods and services. B. the decreasing relative importance of goods and the increasing relative importance of services in the U.S. economy. C. the everyday dynamics of a free labor market, with workers voluntarily changing jobs. D. technological change.