Government means tested programs ________ the overall poverty rate.
A. substantially decrease
B. have not changed
C. lead to an increase in
D. drop to zero
Answer: A
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Everything else held constant, if a factor increases the demand for ________ goods relative to ________ goods, the domestic currency will appreciate
A) foreign; domestic B) foreign; foreign C) domestic; domestic D) domestic; foreign
Which of the following could best be categorized as a public good?
A) an apartment in a public housing project B) a pumpkin pie C) public fireworks D) a race track
In 2016, welfare spending accounted for almost _____ of federal outlays
a. 5 percent b. 10 percent c. 14 percent d. 20 percent e. 31 percent
Under the conditions of monopolistic competition, if a firm is earning economic profits in the short run:
A. prices are higher in the long run than in the short run. B. firm profits are higher in the long run than in the short run. C. average costs of production are higher in the long run than in the short run. D. long-run economic profits are positive.