There is widespread agreement across the political spectrum that the only way to break the cycle of poverty and welfare dependency is to
A. provide abortion on demand.
B. put every able-bodied person to work.
C. enact a negative income tax.
D. throw everyone off welfare.
B. put every able-bodied person to work.
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Computers and software programs are:
a. inferior goods. b. complementary goods. c. goods with a cross-price elasticity of demand of 0. d. substitute goods. e. perfectly elastic goods.
Spending for unemployment compensation and welfare benefits increase automatically
A. When the economy expands. B. When voters make the decision to increase these items. C. Only when the fiscal year begins. D. When the economy goes into recession.
Refer to the above diagram. A price of $60 in this market will result in:
A. a shortage of 50 units. B. a surplus of 50 units. C. equilibrium. D. a surplus of 100 units.
Suppose a long stretch of beach with many possible public and private entrances is such that it is impossible to control access and, as a result, gets very crowded on summer days. Which recognized characteristic of goods does not hold
A. rivalry. B. morality. C. lucidity. D. exclusivity.