Which of the following statements is correct about Temporary Assistance to Needy Families (TANF)?
A. Families may not receive benefits for longer than 60 months.
B. The Federal program determines eligibility and benefit levels with no discretion left to the state.
C. Unwed teenage parents receiving benefits must live in public housing.
D. Parents with children under age one must work 20 hours per week to receive benefits.
Answer: A
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The price of silver increases from $10 per ounce to $15 per ounce while the price of gold increases from $300 per ounce to $310. In this situation, the price of silver relative to the price of gold has
a. fallen. b. risen. c. remained the same. d. cannot be determined given the information provided.
Opportunity cost cannot be measured in money terms, only in conceptual terms
a. True b. False Indicate whether the statement is true or false
Exhibit 6-15 Long-run average cost
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Given the short-run average total cost curves in Exhibit 6-15, what level of output per week minimizes average total cost?
A. 500 units. B. 1,000 units. C. 1,500 units. D. 2,000 units.
Disinflation is the term for a period during which overall inflation rates are:
A. positive and falling. B. negative. C. zero. D. positive and increasing.