An effective program used to fight transient poverty is:
A. health insurance.
B. job training.
C. unemployment insurance.
D. All of these are effective at fighting transient poverty.
Answer: D
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In a market with asymmetric information, a good is said to have hidden characteristics if:
A) the consumption of the good imposes an additional cost on the society. B) the production of the good generates additional benefits to the society. C) the seller offers secret discounts to some buyers. D) the buyer or the seller observes something about the good that the other does not.
Given the information in Scenario 14.1, how much labor will be hired to maximize profit?
A) 1/16 B) 1/2 C) 1 D) 4
The major cause of a 3-4% increase in unemployment over a short time period is likely to be a structural unemployment change
Indicate whether the statement is true or false
Which is the most volatile component of total spending? What four factors contribute to the volatility of this component of total spending?
What will be an ideal response?