All of the following are social insurance programs designed to attack poverty EXCEPT
A. Social Security.
B. food stamps.
C. temporary assistance to needy families.
D. tuition assistance.
Answer: D
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According to the figure shown, if Dunkin Donuts expands, then Starbucks should:
This figure displays the choices being made by two coffee shops: Starbucks and Dunkin Donuts. Both companies are trying to decide whether or not to expand in an area. The area can handle only one of them expanding, and whoever expands will cause the other to lose some business. If they both expand, the market will be saturated, and neither company will do well. The payoffs are the additional profits (or losses) they will earn.
A. also expand their business.
B. not expand.
C. give an ultimatum.
D. None of these statements is true.
Who believes that marginal analysis provides the best model of a firm's behavior?
a. William Baumol b. John K. Galbraith c. Milton Friedman d. Richard Lester e. Lester Thurow
Which of the following is true of entrepreneurship?
a. Entrepreneurial discovery is an important source of economic growth and higher living standards. b. The role of the entrepreneur is not very important and that is why it is generally not included in economic models. c. The role of entrepreneurial discovery could be easily integrated into economic models, but nonetheless economists choose not to do so. d. Economic models are able to capture fully the important role of the entrepreneur in the market process.
Domestic producers of a good become better off, and domestic consumers of a good become worse off, when a country begins allowing international trade in that good and
a. the country becomes an importer of the good as a result. b. the world price exceeds the domestic price of the good that prevailed before international trade was allowed. c. other countries have a comparative advantage, relative to the country in question, in producing the good. d. total surplus does not change as a result.