The primary function of Temporary Assistance for Needy Families has been to provide funds for reuniting families.
Answer the following statement true (T) or false (F)
False
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The above figure that most accurately shows a production function is
A) Figure A. B) Figure B. C) Figure C. D) Figure D. E) Both Figure A and Figure B; Figure A for an economy with an excess of labor and Figure B for an economy with a shortage of labor.
The main function of the 1997 Stability and Growth Pact (SGP) was to
A) exclude a highly indebted EMU country B) enhance cooperation between France and Germany. C) make the Euro a weak currency. D) distribute the Euro banknote among European central banks and to create a timetable for the imposition of financial penalties on countries that fail to correct situations of "excessive" deficits and debt promptly enough. E) determine specialized penalties for each member nation.
In the specific factor model, the effect of an increase in the productivity of labor in the production of cloth will cause a(an) ________ in the quantity of labor used to produce cloth, a(an) ________ in the quantity of labor used to produce food and
a(an) ________ in the wage rate. A) increase; decrease; increase B) decrease; increase; increase C) increase; decrease; decrease D) decrease; increase; no change E) increase; increase; no change
Under tacit collusion,
a. firms form an explicit agreement to cooperate b. prices are usually lower than under perfect competition c. firms are usually subject to prosecution in the United States d. there is no explicit agreement for firms to cooperate e. firms meet to set prices and output levels for the industry