One effect of government mandating participation in the auto insurance market is it leads to:
A. higher premiums for all participants.
B. lower premiums for all participants.
C. the collapse of the market.
D. free coverage for some participants.
B. lower premiums for all participants.
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Which of the following government programs provides recipients with unrestricted cash payments?
a. Temporary Assistance to Needy Families (TANF). b. Medicaid. c. The food stamp program (SNAP). d. Housing assistance programs.
An increase in the wage rate will cause the demand for labor curve to shift rightward
a. True b. False Indicate whether the statement is true or false
Which of the following is the best example of an automatic stabilizer?
a. a balanced federal budget b. the minimum wage c. unemployment compensation program d. discretionary fiscal policy
Answer the question on the basis of the following information. A farmer who has fixed amounts of land and capital finds that total product is 24 for the first worker hired; 32 when two workers are hired; 37 when three are hired; and 40 when four are
hired. The farmer's product sells for $3 per unit and the wage rate is $13 per worker. Refer to the given information. What is the farmer's profit-maximizing output? A. 20. B. 32. C. 37. D. 40.