Programs that provide goods or services, rather than cash, directly to needy individuals or households are called:
A. social insurance.
B. in-kind transfers.
C. economic growth.
D. conditional cash transfers.
B. in-kind transfers.
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Good Boy Super Treats produces healthy treats for dogs. At its current advertising level, Good Boy Super Treats marginal cost of advertising is $1 million and their marginal benefit is $1 million. Which of the following is true?
A) If the firm increases the amount of advertising, its net profit will increase. B) The firm should increase the amount of advertising to increase its net profit. C) The firm is currently maximizing its net profit. D) If the firm decreases the amount of advertising, its net profit will increase.
Pure economic profit must be at a maximum for a monopolist who has a level of output in which total revenue is at a maximum
a. True b. False Indicate whether the statement is true or false
If a tariff is imposed on imported televisions, we expect domestic demand for televisions to:
A) fall, and the total supply to increase. B) rise, and the total supply to decrease. C) rise, and the total supply to rise. D) remain unchanged, and the total supply to decrease.
An upward-sloping labor supply curve implies that
A. a firm can always hire more workers, even without increasing the wage. B. more workers are willing to work as the market wage increases. C. more workers are willing work when wages are low. D. the labor supply is fixed. E. there is a continuously increasing demand for labor.