Which program provides money and in-kind assistance to the poor?
a. supplementary security income
b. earned-income tax credit
c. income assistance programs
d. Medicaid
c
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There are ________ members of the Board of Governors of the Federal Reserve System
A) 5 B) 7 C) 12 D) 19
An unexpected import restriction imposed on mangoes by the USDA
A) will reduce the price of mangoes in the United States. B) will increase the price of mangoes in the United States. C) will discourage American producers of mangoes. D) will reduce the price of mango juice in the United States.
Keynes believed in all of the following, EXCEPT
A. The ideas of economists and political philosophers are more powerful than is commonly understood. B. The problem with recessions was inadequate aggregate demand. C. Say's Law. D. There was absolutely nothing wrong with deficits during recessions and depressions.
Nation Alpha can produce employing all its available resources either 800 units of chemicals or 1,600 units of clothing. Nation Beta can produce either 200 units of chemicals or 800 units of clothing:
A. Nation Alpha has a comparative advantage in producing clothing B. Nation Beta has a comparative advantage in producing chemicals C. Nation Alpha has a comparative advantage in producing chemicals D. Nation Beta is the high-cost producer of clothing