The largest U.S. welfare program is
a. Aid to Families with Dependent Children
b. Medicaid
c. Social Security
d. unemployment compensation
e. food stamps
B
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Which of the following is a major implication of the invisible hand concept?
a. When directed by competitive market prices, the actions of self-interested individuals will tend to promote overall economic prosperity. b. Prosperity cannot be achieved unless the selfish nature of people can be changed. c. Competition is harmful to the health of an economy because it results in wasteful duplication. d. Government-operated firms tend to have lower costs than private sector firms.
market demand schedule
What will be an ideal response?
The two key factors that cause labor productivity to increase over time are:
A. the quality of labor per hour worked the level of technology B. the quantity of capital per hour worked and the level of technology C. better environmental standards and stricter labor laws D. the decline in unionization and slacking of labor laws
Today, the earth has ________ of all of the species that have ever lived
A) less than 1 percent B) about 50 percent C) about 99 percent D) 100 percent