Which of the following statements is true?
A. All people in poverty are on welfare.
B. Unemployment compensation is an example of an in-kind transfer.
C. Temporary Assistance to Needy Families (TANF) is an example of a cash payment made by government to the impoverished.
D. After cash assistance and in-kind transfers are considered the distribution of income in the United States is more unequal.
Answer: C
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John has to choose between a camping holiday and a holiday in Las Vegas. If he evaluates the total net benefit of both alternatives before coming to a decision, he is using the technique of:
A) ordinal analysis. B) optimization in levels. C) optimization in differences. D) marginal analysis.
If the market were perfectly competitive instead of dominated by a monopsonist, what would the equilibrium wage and level of employment be?
a. W1 and E1 b. W2 and E0 c. W0 and E0 d. W0 and E1 e. W0 and E2
You have a mortgage that has a nominal interest rate of 7%. The inflation rate is 3.5%. Your real interest rate is ________.
What will be an ideal response?
Explain how present value calculations are used to evaluate future possibilities in the case of oil. Give an example using a present value calculation
What will be an ideal response?