The argument that money should be given instead of in-kind help to welfare recipients is based on the idea that
A. welfare recipients cannot be trusted to use the in-kind help properly.
B. in-kind help is not wanted.
C. money allows more options and maximizes individual freedom.
D. in-kind assistance does not go through the market system.
C. money allows more options and maximizes individual freedom.
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In a mixed economy, the government plays some role in the working of free markets.
Answer the following statement true (T) or false (F)
Proprietary income refers to
A. revenue flowing to the government from taxes. B. revenue generated by government-run businesses. C. transfer payments from the government to the owners of property resources. D. money borrowed by the government to finance its operations.
A change in the full-employment quantity of labor ________ the short-run aggregate supply curve and ________ the long-run aggregate supply curve
A) shifts; shifts B) shifts; does not shift C) does not shift; shifts D) does not shift; does not shift
Currency traders expect the dollar to appreciate. What impact will this have on equilibrium in the foreign exchange market?
A) The dollar will appreciate, and the equilibrium quantity of dollars will increase. B) The dollar will depreciate, and the equilibrium quantity of dollars exchanged will decrease. C) The dollar will appreciate, and the equilibrium quantity of dollars will decrease. D) The dollar will appreciate, and the change in the equilibrium quantity of dollars exchanged cannot be determined.