Unemployment compensation payments:
a. rise during a recession and thus reduce the severity of the recession.
b. rise during a recession and thus increase the severity of the recession.
c. rise during inflationary episodes and thus reduce the severity of the inflation.
d. fall during a recession and thus increase the severity of the recession.
a
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Medicaid is
a. the government's health plan for the elderly. b. the government's health plan for the poor. c. another name for Social Security. d. Both a and c are correct.
On a graph for the Gini Coefficient, perfect inequality would be represented by the equation ______.
a. G = -1 b. G = 0 c. G = 1 d. G = 100
Which is not a form of product differentiation for the monopolistically competitive firm?
A. Brand names and trademarks. B. Location and accessibility. C. Standard weekday and weekend hours. D. Promotion and packaging.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The best point for society would be
A. either Point B or Point C, as the total amount being produced at either of these points is approximately the same. B. at any of the labeled points, as all of the points represent an efficient allocation of resources. C. Point C, as at this point there are approximately equal amounts of LCD and OLED televisions being produced. D. indeterminate from this information, as we don't have any information about the society's desires.