Which of the following is most likely to occur if Medicare is converted from an in-kind transfer program to a cash transfer program?
A. A more equitable distribution of health care.
B. Increased poverty.
C. A reduction in health care for the elderly.
D. Increased target efficiency.
Answer: C
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The purpose of having the members of the Board of Governors of the Federal Reserve serve fourteen-year terms is to
A) establish long-standing ties with high-level officials of other nations' central banks. B) ensure that the governors become well-experienced at policymaking. C) promote unity of opinion from shared time together. D) insulate the governors' policy decisions from the influence of presidential elections and politics.
Agave, Six Feet Under, Globe, Silk, Sotto Sotto and Zocalo are all restaurants in Atlanta. In the long run, Globe could I. make a positive economic profit. II. make zero economic profit. III. incur an economic loss
A) Only I B) Only II C) I, II, and III D) Only I and II
Consider the following T-account for a bank:
Assets Liabilities Reserves $1,000 Deposits $5,000 Loans $4,000 If the required reserve ratio is 20 percent and the bank is holding no excess reserves, the bank at this point can make no more loans.
Leakages are offset by investment and government spending in the circular flow model
a. True b. False Indicate whether the statement is true or false