Which one of the following examples is a cash assistance program used to fight poverty in the United States?
a. Medicaid.
b. SNAP (food stamps).
c. Home energy assistance.
d. Head Start.
e. Temporary Assistance to Needy Families (TANF).
e
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The above figure shows Bobby's indifference map for soda and juice. B1 indicates his original budget line. B2 indicates his budget line resulting from a decrease in the price of soda. What change in quantity best represents his income effect?
A) 3 B) 10 C) 15 D) 7
A good that is perfectly standardized is:
A. likely to be interchangeable with others in the market. B. indistinguishable to others in the market. C. fairly close to others in the market. D. determined to be the same by government.
In which of the following years was there a recession?
A. 1942 B. 1950 C. 1965 D. 1973
Holding other factors constant, a technological improvement that increases the marginal product of capital will:
A. decrease investment. B. increase investment. C. increase national saving. D. decrease national saving.