If an individual had the option of receiving a cash transfer equal to the value of the housing subsidy, _____
a. they would be better off
b. they could rent better housing than the public housing
c. they could rent worse housing than the public housing
d. all of the above
e. a and b
d
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When a nation exports a good or service in which it has a comparative advantage, employment in that industry
A) decreases. B) stays the same. C) increases. D) might change, but more information about what else the country exports is needed to determine if employment increases, decreases, or does not change. E) might change, but more information about what the country imports is needed to determine if employment increases, decreases, or does not change.
What critical resource is likely to be the culprit for the impending doom of Social Security regarding tax collection? Explain
What will be an ideal response?
An increase in productivity as a result of a new technology would cause the production possibilities frontier to:
A. shift in. B. shift out. C. not move until society chooses to move it. D. become more meaningful in policy decisions.
A change in the price level does not shift the aggregate demand curve
Indicate whether the statement is true or false