In terms of improving the standard of living of the poor, one drawback on the earned income tax credit (EITC) is that:
A. it provides no benefits to people who are unemployed.
B. it's only available to individuals whose incomes are above a certain threshold.
C. it provides workers with in-kind transfers.
D. it gives firms a strong incentive to lay off low-wage workers.
Answer: A
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An example of the political business cycle in action came during the ________
A) Roosevelt administration of the 1920s B) Nixon administration of the 1970s C) Reagan administration of the 1980s D) Bush administration of the 2000s
The value of a country's imports cannot exceed the value of its exports
a. True b. False
The capabilities approach considers:
A. how much total output changes over time in a society. B. what people can be and how much people can do over time in a society. C. how much human capital improves over time in a society. D. how much human capital one society has relative to another.
Which of the following events would cause an upward movement along the demand curve for olives? a. The number of people who purchase olives decreases
b. Consumer income decreases, and olives are a normal good. c. The price of pickles decreases, and pickles are a substitute for olives. d. The price of olives rises.