The welfare reforms of 1996 were entirely driven by flawed character biases
Indicate whether the statement is true or false
F
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The extent of money expansion will be: a. greater if banks hold on to excess reserves
b. greater if private individuals hold on to cash. c. greater if banks hold on to excess reserves but less if private individuals hold on to cash. d. less if banks hold on to excess reserves but greater if private individuals hold on to cash. e. less if banks hold on to excess reserves or private individuals hold on to cash.
The federal government is most likely to oppose
a. the purchase of a firm in danger of bankruptcy by a successful firm. b. a merger between two firms in a perfectly competitive industry. c. the purchase of one oligopolist by another in an industry with contestable markets. d. a merger between two firms in a three-firm industry.
In developing countries, the opportunity cost of an education is relatively low compared to the cost in a highly developed country
a. True b. False Indicate whether the statement is true or false
Economists usually assume
a. that Americans' preferences are systematically different from Europeans b. that there are some features common to the preferences of a wide variety of people c. that everyone has the same preferences d. that everyone has the same preferences that they (the economists) do e. that individuals prefer to purchases goods rather than services