Which of the following statements is true regarding Temporary Assistance to Needy Families (TANF)?
a. States set the level of welfare benefits they will provide to the poor, and the federal government guarantees some support.
b. Since TANF began, the number of needy families receiving benefits has almost doubled.
c. Federal dollars are fixed for each state, which may use the money for any antipoverty programs as long as there is a work requirement.
d. The federal government’s welfare spending rises and falls depending on how each state sets its welfare contributions.
c. Federal dollars are fixed for each state, which may use the money for any antipoverty programs as long as there is a work requirement.
Under TANF, the federal government gives a fixed amount of money to each state. The state can then use the money for almost any program with an antipoverty component. One of the two key requirements is that states must impose work requirements so that most of those receiving TANF benefits are working (or attending school).
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Which of the following correctly describes what the Fed used as monetary targets in the past?
A) The Fed used M1 and M2 as targets after 1993. B) After 1980 and before the 1990s, the Fed focused on interest rate targets. C) The Fed focused on M1 as a target after deregulation of the financial markets. D) The Fed increased its reliance on interest rate targets since the mid-1990s.
What does it mean for an industry to be considered an increasing cost industry?
What will be an ideal response?
Which of the following statements about the term of a bond is correct?
a. Term refers to the various characteristics of a bond, including its interest rate and tax treatment. b. The term of a bond is determined entirely by its credit risk. c. The term of a bond is determined entirely by how much sales charge the buyer of the bond pays when he or she purchases the bond. d. Interest rates on long-term bonds are usually higher than interest rates on short-term bonds.
Lawrence’s country has had three different governments in the last two years. Lawrence knows several people who had their property seized without payment when the new government took over. People are no longer starting businesses or buying buildings because they have no way to guarantee that they will still own them tomorrow. What is the likely result of the situation in Lawrence’s country?
a. The incentive to invest is high. b. The private sector will step in to increase growth. c. The country will have a low rate of economic growth. d. The country will have a high rate of output per capita.