Fred operates his own business, Fred would be counted as employed
a. in both the household and estblishment surveys
b. in the household but not the establishment survey.
c. in the establishment but not the household survey.
d. in neither the household nor the establishment survey.
b
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Answer the following statements true (T) or false (F)
1. All social insurance programs are welfare or public charity programs. 2. The Social Security program is financed with funds from general tax revenues of the Federal government. 3. Eligibility for social insurance programs is largely on the basis of need and "means tests". 4. The Supplemental Nutrition Assistance Program (formerly the food-stamp program) mostly pays out cash-vouchers to eligible households. 5. The Temporary Assistance for Needy Families (TANF) that replaced the old Aid for Families with Dependent Children welfare program succeeded in reducing the number of welfare recipients and increasing the employment rate among single mothers.
Which of the following would shift the supply curve for smartphones to the right?
A) an increase in the price of a substitute in production B) an increase in consumer income (assuming that all smartphones are normal goods) C) a decrease in the number of firms that produce smartphones D) a decrease in the price of an input used to produce smartphones
The larger the MPC, the smaller the value of the multiplier
Indicate whether the statement is true or false
In a game with multiple Nash equilibria, all of the following can be used to determine the equilibrium of the game except which one?
A) the Focal point B) a coin flip C) the Pareto criterion D) refinements