The purpose of the Supplemental Security Income program is
A. to provide a guaranteed minimum income for all Americans.
B. to provide a minimum income for the aged, blind, and the disabled.
C. to provide a minimum income for all households with children.
D. to supplement Social Security for the elderly with medical problems.
Answer: B
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If the economy were producing at point A and moved to point B the opportunity cost in terms of lost production of robots would be
A. 1 unit of robots.
B. 2 units of robots.
C. 3 units of robots.
D. 2 units of outboard motors.
Assume there are two competing social network sites, Mugshot and Graybar, and each grow in value as more people use them
Mugshot has been around longer and has the most users, but people tend to agree that Graybar is a better site, so the equilibrium where everyone uses Graybar is preferred to the equilibrium where everyone uses Mugshot. This situation describes a multiplayer A) assurance game. B) prisoner's dilemma game. C) battle of the sexes game. D) pure coordination game.
Refer to Table 20-3. Assume the market basket for the consumer price index has three products—Cokes, hamburgers, and CDs—with the following values in 2011 and 2016 for price and quantity: The Consumer Price Index for 2016 equals
A) 75. B) 93. C) 108. D) 121.
Personal cognitive surplus and access to Web 2.0 has spurred the rise of a new collaborative ________ model.
a. social b. economic c. access d. adaptive e. none of the above