In-kind transfers include
A. Public housing and Medicare.
B. Social Security benefits and housing subsidies.
C. Medicaid and unemployment benefits.
D. Transfer payments and food stamps.
Answer: A
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The supply curve for loanable funds would decline due to
A) an increase in wealth. B) an increase in the expected return on bonds. C) an increase in expected inflation. D) a decrease in the riskiness of bonds relative to other assets.
Rivalry among firms and individuals for sales to consumers
a. is the natural regulator that makes a market system work. b. is known as competition. c. regulates the allocation of resources in a market system. d. All of these.
You have a choice among three options. Option 1: receive $900 immediately. Option 2: receive $1,200 one year from now. Option 3: Receive $2,000 five years from now. The interest rate is 15 percent (0.15) per year. Rank these three options from highest present value to lowest present value
a. Option 1, Option 2, Option 3 b. Option 3, Option 2, Option 1 c. Option 2, Option 3, Option 1 d. Option 3, Option 1, Option 2 e. Option 1, Option 3, Option 2
Some studies have found that saving is not very sensitive to the rate of return on saving
a. True b. False Indicate whether the statement is true or false