The goal of programs such as government-subsidized housing, food stamps, and Medicaid are to:
A. spur economic growth.
B. reduce the time people spend in transient poverty.
C. redistribute wealth from the rich to the poor.
D. None of these is true.
Answer: C
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Entitlements are government programs for which _____
a. funds are provided for those who meet the eligibility requirements b. funds are appropriated to an agency in one lump sum c. social services are provided d. b and c
Which of the following statements regarding marginal analysis are? true? (Check all that apply.?)
A. It excludes information that is relevant to the? individual's decision. B. It is often faster to implement than optimization using total value. C. It focuses on the difference between one feasible alternative and the next feasible alternative. D.It always picks out a different optimum than the minimization of the total cost.
Trading risk faced by U.S. banks results from:
A. adverse selection. B. changes in regulations. C. the free-rider problem. D. moral hazard.
If the quantity of Arizona green teas demanded falls from 4.0 million to 3.0 million as the price of Lipton green teas falls from $2.70 to $2.50, Arizona's teas and Lipton's teas are:
A. luxuries. B. inferior goods. C. substitutes. D. complements.