Which of the following programs are in cash?
A. AFDC/TANF
B. AFDC/TANF and EITC
C. WIC
D. EITC
Answer: B
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The movement of the vertical _____ curve to the _____ reflects the increase in potential output on account of the development of new technologies, and increase in the quantity and quality of resources
a. long-run aggregate supply; right b. short-run aggregate supply; right c. short-run aggregate demand; left d. long-run aggregate demand curve; left e. long-run aggregate supply; left
Using open market operations to create or reduce deposits has two advantages over other tools. Those advantages are
a. secrecy and security b. precision and effectiveness c. secrecy and effectiveness d. security and precision e. precision and secrecy
Barriers to entry are
a. not too difficult to overcome in a monopoly market structure b. very high in a perfectly competitive market structure c. nonexistent in an oligopoly market structure d. not too difficult to overcome in a monopolistically competitive industry structure e. nonexistent in a monopoly market structure
For a firm, the production function represents the relationship between
a. implicit costs and explicit costs. b. quantity of inputs and total cost. c. quantity of inputs and quantity of output. d. quantity of output and total cost.