A study by Kathryn Edin and Laura Lein found that
A. virtually all single mothers—whether working or receiving public assistance—had to supplement their income with money from relatives, boyfriends, or the absent father of their children.
B. most welfare families lived very comfortably on their public assistance checks, supplemented by Medicaid, public housing, and food stamps.
C. only half the number of Americans officially below the poverty line were actually poor.
D. government assistance hurt the poor much more than it helped the poor.
A. virtually all single mothers—whether working or receiving public assistance—had to supplement their income with money from relatives, boyfriends, or the absent father of their children.
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The opportunity cost to society of producing one more unit of the good is
A) average cost. B) marginal cost. C) efficiency costing. D) the optimal cost.
The trade deficit is the mirror image of the required capital inflows. So why worry about these capital inflows?
A. Trade deficits automatically cause larger budget deficits. B. Before long, the Germans, Japanese, and other foreigners will own the United States and will be dictating policy to the U.S. government. C. These capital inflows create debts on which interest and principal payments will have to be made in the future. D. During the period of trade deficits, personal consumption must be reduced to build up wealth to repay the debt created.
Which of the following statements best completes this sentence: "On a bank's balance sheet…"?
A. net worth represents both a source and a use of funds. B. net worth shows the sources of funds and liabilities show the uses of funds. C. assets show the uses of funds and liabilities show the sources of funds. D. assets show the sources of funds and the net worth shows the uses of funds.
Which statement is not consistent with the law of supply?
A. More of a good will be supplied, the higher the price, other things constant. B. Quantity supplied of a good is inversely related to the good's price. C. Quantity supplied of a good is directly related to the good's price. D. Less of a good will be supplied, the lower the price, other things constant.