Which statement is true?
A. State and local governments are expected to provide more and more services while their tax bases are limited.
B. State and local governments are expected to provide less and less services while their tax bases are relatively unlimited.
C. Public education has traditionally been the role of the federal government.
D. None of these statements are true.
A. State and local governments are expected to provide more and more services while their tax bases are limited.
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Which of the following is true of cost curves?
A) The ATC curve goes through the minimum of the MC curve. B) The AVC curve goes through the minimum of the MC curve. C) The MC curve goes through the minimum of the ATC curve, to the left of the minimum of the AVC curve. D) The MC curve goes through the minimum of the AVC curve, to the right of the minimum of the ATC curve. E) The MC curve goes through the minimum of both the AVC curve and the ATC curve.
Which of the following about Social Security is true?
a. Labor participation tends to increase as spousal earnings increase. b. Social Security works to the disadvantage of low-wage workers due to their shorter life expectancy. c. Low-wage workers derive a higher rate of return from their Social Security taxes than high-wage workers. d. High-wage workers generally begin full-time work at younger ages than low-wage workers.
At what stage of the securitization process was moral hazard a major problem?
a. Mortgage origination. b.Due diligence and mortgage servicing. c. Securitization. d. All of the above
If C = 2000 + .9YD, what increase in government spending must occur for equilibrium output to increase by 1000?
A) 100 B) 200 C) 250 D) 500 E) 1000