________ provides health benefits to people with low incomes, and ________ provides health benefits to most people over the age of 65.
A. Medicaid; the Temporary Assistance to Needy Families (TANF) program
B. Medicare; the Temporary Assistance to Needy Families (TANF) program
C. Medicare; Medicaid
D. Medicaid; Medicare
Answer: D
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Lower real income ________ the demand for money and a lower price level ________ the demand for money.
A. decreases; decreases B. increases; increases C. increases; does not change D. increases; decreases
The marginal cost of educating a student is $30,000, and this cost is independent of the number of students. The figure above shows the marginal private benefit that a student receives from education
If schools are competitive, how many students are enrolled? A) zero B) 20,000 C) 50,000 D) It depends on the demand.
Keynesians
A. believe capitalism is inherently unstable. B. contend that government intervention in the economy is undesirable. C. advocated a laissez-faire policy. D. believe wages and prices are flexible downward.
A firm's demand curve for labor is equal to the
A) total revenue product. B) marginal revenue product. C) marginal factor cost. D) marginal wage.