All of the following are in-kind benefit programs, except
A. food stamps.
B. Medicaid.
C. energy assistance.
D. SSI.
D. SSI.
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Use the following graphs for a perfectly competitive market in the short run to answer the next question.
Which of the following statements is true?
A. The firm is earning a normal profit. B. The firm should increase production in the short run. C. The firm is making economic profits. D. The firm is generating a loss.
The Federal Open Market Committee
A) meets weekly to set Fed policy. B) has 7 voting members. C) always includes the president of the Federal Reserve Bank of New York as a member. D) does not include any members of the Board of Governors.
According to Thomas Malthus, the human race is doomed to suffer repeated famines and wars because
a. population and food supply both increase arithmetically b. population and food supply both increase geometrically c. population increases arithmetically while food supply increases geometrically d. population increases geometrically while food supply increases arithmetically e. population increases exponentially while food supply increases geometrically
Minimum efficient scale occurs at the smallest level of output at which a firm can minimize long-run average costs.
Answer the following statement true (T) or false (F)