Which of the following is not an example of a "workfare" component in a welfare program?
a. job skill training
b. required job searches
c. tougher child support laws
d. required work in paid or unpaid jobs
e. required participation in training programs
C
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A factor-price effect occurs when increases in the industry's output
a. attract new firms to the industry. b. raise the cost of a variable input. c. cause new subindustries to be developed. d. result in lower prices for consumers.
Refer to Table 6-3. Over what range of prices is the demand inelastic?
A) between $12 and $16 B) over the entire range of prices C) between $8 and $16 D) between $2 and $8
A type of investment fund that makes long-term investments in companies that are not publicly traded is called a
A) private equity fund. B) hedge fund. C) sovereign wealth fund. D) brokerage fund.
Which of the following coordinates the choices of buyers and sellers, bringing quantity demanded and quantity supplied into balance?
a. taxes and subsidies b. consumer demand c. government mandates d. the market price