Externalities can create a threat to environmental quality
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following are included in interest income? i. payments made for the use of land ii. income paid to households for loans they make iii. payments made by households for their borrowing
A) i, ii and iii B) ii and iii only C) i and ii only D) ii only E) iii only
In which of these years was the U.S. poverty rate the highest?
A. 1960 B. 1970 C. 1980 D. 1990
Medicaid, welfare payments, and Temporary Assistance to Needy Families are classified as
A) unilateral payments. B) transfer payments. C) gifts. D) income redistribution payments.
If Mary has an absolute advantage over Bill in performing each of two tasks, then
a. Mary must have a comparative advantage in both tasks b. Mary cannot benefit by specializing in one and trading with Bill for the other c. Mary should specialize in both tasks d. Mary cannot have a comparative advantage in either task e. Mary should specialize in the one in which she has a comparative advantage