A diagram of an individual's utility from income will be a line with an increasing slope if the individual is risk-averse.
Answer the following statement true (T) or false (F)
False
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Under TANF, at least 50% of single mother recipients and 90% of two-parent families must be working or in work preparation programs.
A. True B. False C. Uncertain
The interest rate is the opportunity cost of transferring spending power between time periods. However, the market mechanism may fail to provide adequately for future economic growth. List the reasons why a market might fail
During the late 1980s and early 1990s, most of the budget deficits were accounted for by
a. the decline of foreign investment in the United States. b. the downturn in the economy. c. deliberate fiscal policy changes. d. All of the above are correct.
Fiscal policy affects the economy
A. only in the short run. B. only in the long run. C. in both the short and long run. D. in neither the short nor the long run.