Sam uses Craig's Netflix account to watch movies and shows but does not actually pay for the service himself. This is an example of
A. The free-rider problem
B. Economic optimization
C. Scarcity
D. Specialization and trade
Answer: A
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The TANF program is generally thought of as being a success because _____
a. welfare rolls have declined significantly since its inception b. welfare spending has declined significantly since its inception c. is similar to the AFDC program while being strictly means-tested d. a and b
Other things remaining the same, an individual demand schedule shows the various quantities of a good:
a. that a person wants and is able to purchase at alternative prices. b. that are demanded with a change in the quantity demanded of a substitute good. c. that a person is able to purchase at alternative income levels. d. that are demanded at various levels of utility. e. that are demanded by the market at various prices.
LRE. After in increase in AD, the price level will initially be ____ and real GDP will initially be ____
a. lower; lower b. higher; higher c. lower; higher d. higher; lower
People who complete college provide a signal to employers about their skills and thus face better employment opportunities than equally skilled high school graduates. This is called:
A. the learning effect of a college education. B. the signaling effect of a college education. C. the discriminatory effect of a college education. D. None of these