________ market is characterized by the fact that profit opportunities are eliminated almost instantaneously.
A. An inefficient
B. An efficient
C. A command
D. A government-controlled
Answer: B
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In general, liberals favor ______ government and conservatives favor ______ government.
A. more; more B. less; less C. more; less D. less; more
How will the new federal government's new national health care program be funded?
A) The federal government will charge all participants of health insurance exchanges 3.8%. B) Firms with at least 50 employees must pay an annual fine of up to $750 per employee regardless of coverage. C) A tax rate of 3.8 percent will be assessed on nearly all earnings above $200,000 per year for individuals and above $250,000 per year for married couples. D) Nearly all U.S. residents will pay a fine of up to $750 per year for an individual (up to $2,250 per year for a family) regardless of coverage.
Which of the following is a government program that provides monthly debit cards to poor people to purchase food?
a. SNAP b. WIC c. TANF d. EITC
A change in the supply of one factor of production
a. can alter the earnings of all of the other factors. b. alters the earnings of capital and labor but not land. c. will not change the marginal productivities of other factors but may change their prices. d. alters the earnings of that factor only.