Welfare data show that in the United States
a. most welfare recipients receive benefits only for a short time
b. welfare encourages young women to have children
c. children brought up on welfare tend to remain on welfare as adults
d. having poor parents does not increase the chances of a child's being on welfare as an adult
e. children of poor parents have a 50 percent chance of being middle-income adults
A
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Which of the following is NOT a potential impact of a rent ceiling set below the equilibrium rent?
A) a surplus B) an increase in search C) a deadweight loss D) None of the above because they are all impacts of a rent ceiling set below the equilibrium rent.
Maryanne expects to work for another 30 years and expects to live another 10 years after she retires. If Maryanne completely smooths consumption over her lifetime, for every $1,000 increase in wealth, she will use ________ for consumption each year
A) $10.00 B) $25.00 C) $100 D) $333
When the government taxes and spends, each activity affects GDP in the same proportion
a. True b. False Indicate whether the statement is true or false
The goal of the consumer is to
a. maximize utility. b. minimize expenses. c. spend more income in the current time period than in the future. d. All of the above are the goals of the consumer.