Which of the following terms describes a system of subsidized health insurance available to the aged?
A. Medicare.
B. Supplemental Security Income (SSI).
C. Medicaid.
D. TANF.
Answer: A
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Consider two groups of workers of equal skill level and experience: those who collect garbage and those who stuff envelopes with campaign fliers. Which group is likely to be paid more and why?
Examine Figure 36.1, which shows the market for K-12 education in an economy. The amount of external benefits associated with K-12 education in this market is ________ per student.
A. $12,000 B. $6,000 C. $4,000 D. $8,000
Which of the following types of sampling always causes bias or inconsistency in the ordinary least squares estimators?
A. Random sampling B. Exogenous sampling C. Endogenous sampling D. Stratified sampling
A production possibilities frontier for two outputs is drawn assuming that:
a. opportunity cost is fixed, but the quantity and quality of resources changes. B. both outputs use the same quantity of each resource, but the technology differs. C. the amount of resources currently available for production is fixed. D. the technology available can only be applied to producing one of the outputs.