When a program is means-tested, it means that
A. It is a social insurance program.
B. The target efficiency is high.
C. It is an in-kind program.
D. To be eligible, the recipient must have little income.
Answer: D
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Suppose the rate of inflation rate is two percent and the nominal interest rate is five percent. According to the Fisher Effect, an increase in the inflation rate to six percent should cause the nominal interest rate to increase from five percent to _____ in the long run
Fill in the blank(s) with correct word
The premise of Head Start is that
A. early childhood education can make a substantial difference in the future lives of children. B. poor parents aren't very good parents. C. day care for the poor will allow the poor to make a better living. D. B) and C)
The table above shows Tom's total utility from milkshakes and sodas. A milkshake costs $2.00. How much marginal utility per dollar would Tom get if he purchased the ninth milkshake?
A) 1728 units per dollar B) 20 units per dollar C) 10 units per dollar D) none of the above
A takeover of one firm by another
A. ties up the nation’s capital wastefully. B. uses up the economy’s credit supply. C. reduces the value of the acquired firm. D. changes the ownership of the acquired firm.