An example of a government program aimed at reducing poverty that is universal is:
A. public education.
B. Social Security.
C. Medicare.
D. All of these are universal programs.
Answer: A
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If you sell twenty-five $100,000 futures contracts to hedge holdings of a Treasury security, the value of the Treasury securities you are holding is
A) $250,000. B) $1,000,000. C) $2,500,000. D) $5,000,000.
The labor ____________ curve(s) will shift _______________ if there is an increase in productivity or an increase in the demand for the final product.
a. demand; left b. supply; left c. demand; right d. supply; right
Which of the following countries would have the most difficulty raising its level of average educational attainment?
a. Canada b. Italy c. India d. Sudan
If the price of a normal good rises, the income effect will result in households buying ________ of the good and the substitution effect will result in households buying ________ of the good.
A. more; more B. more; less C. less; more D. less; less