If $.80 U.S. = $1.00 Canadian,
A. a U.S. nickel is worth four Canadian cents.
B. a U.S. quarter is worth 40 Canadian cents.
C. 40 Canadian cents are worth 50 U.S. cents.
D. $.04 U.S. is worth 5 Canadian cents.
D. $.04 U.S. is worth 5 Canadian cents.
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The U.S. Census Bureau considers in-kind transfers (such as employer provided benefits) when measuring income
a. True b. False
Refer to the graph shown. Suppose the economy is initially at A but then the Fed adopts a contractionary monetary policy. The long-term effect of this policy will be to move the economy to:
A. E. B. B. C. C. D. D.
Which of the following income maintenance programs is designed to establish nationwide minimum incomes for the aged, the blind, and the disabled?
A) the Old-Age Survivors' and Disability Insurance (OASDI) program B) the Supplemental Security Income (SSI) program C) the Temporary Assistance to Needy Families (TANF) program D) the food stamps program
Which of the following will cause a shift in the demand curve of labor?
A) an increase or decrease in the productivity of labor B) an increase or decrease in the demand for the product labor produces C) a decline in the price of a complementary input D) all of the above