Which of the following statements about the Supplemental Security Income (SSI) program is FALSE?
A. Recipients who receive benefit payments under Social Security are also eligible for SSI.
B. Benefits are based on need.
C. It covers children and individuals with mental disabilities, including drug addicts and alcoholics.
D. It is designed to establish nationwide minimum incomes for the aged, the blind, and the disabled.
Answer: A
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Checkable deposits are included in
A. M1 but not in M2. B. M2 but not in M1. C. both M1 and M2. D. neither M1 nor M2.
Which of the following statements is true about the income elasticity of demand?
A) The income elasticity of demand for normal goods is always zero. B) The income elasticity of demand for inferior goods is always zero. C) The income elasticity of demand for normal goods is always positive. D) The income elasticity of demand for inferior goods is always positive.
An economy can have an abundant supply of labor, capital, and natural resources but still produce goods and services inefficiently
Indicate whether the statement is true or false
The landmark antitrust case which established that size alone is not sufficient to prove an antitrust violation is the:
A. U.S. Steel case. B. Brown Shoe case. C. Von's Grocery case. D. ALCOA case.