Of the administrative costs for the SNAP program,
A. federal, state, and local governments split the costs evenly.
B. states bear 50 percent of the costs.
C. 100 percent are paid out of federal tax revenues.
D. states pay 100 percent.
Answer: B
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A decrease in the unemployment rate which is accompanied by an increase in the inflation rate is represented by a ________ the Phillips curve
A) movement down B) movement up C) upward shift of D) downward shift of
A grocery store sells soup for $1.50 a can, or $2.50 for two cans. To a customer, the marginal cost of buying the second can of soup is
A. $1. B. $1.25. C. $1.50. D. $2.50.
The table below shows a pizzeria's fixed cost and variable cost at different levels of output. Pizza's sell for $20 each.Number ofPizzas Per DayFixed Cost($/Day)Variable Cost($/Day)050002550015050500250755004501005008501255001,650When the pizzeria makes 100 pizzas a day, its fixed cost is ________ and its total cost is ________.
A. $850; $1,650 B. $500; $850 C. $350; $850 D. $500; $1,350
Government expenditures as a share of the U.S. economy are:
A. the largest in the world. B. the smallest in the world. C. smaller than most Western European countries. D. larger than Canada, France, and the United Kingdom but slightly smaller than Germany and Italy.