Political leaders are always aiming for an optimal combination of efficiency and equality
a. True
b. False
Indicate whether the statement is true or false
False
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In the neoclassical growth theory
A) small differences in the saving rate or population growth cause large variations in per capita income. B) large differences in the saving rate or population growth rate cause small variations in per capita income. C) large differences in the saving rate or small differences in population growth cause large variations in per capita income. D) small differences in the saving rate or large differences in population growth cause large variations in per capita income.
Which of the following is true? a. U.S. imports are considered a credit item in the balance of payment, because the dollars sold to buy the necessary foreign currency add to foreign claims against U.S. buyers. b. When the U.S. runs a trade deficit in goods and services with the rest of the world, the rest of the world must be running a trade surplus in goods and services with the U.S. c. When
the U.S. runs a trade deficit in goods, it must run a trade surplus in services. d. None of the above is true.
Voluntary restraint agreements:
A. are prohibited by NAFTA. B. hurt consumers in both the short run and the long run. C. hurt workers in both the short run and the long run. D. do not affect imports in both the short run and the long run.
Which of the following statements about the 2014 Medicaid expansion is not true?
a. The expansion accounted for over 85 percent of the overall increase in the number of Americans with insurance coverage from 2014-2016. b. The expansion included mandatory participation by the states until the Supreme Court ruled that the requirement was too punitive and thus unconstitutional. c. Eventually, 30 states and the District of Columbia agreed to accept the 100 percent FMAP for the newly covered and expanded the program. The remainder have chosen not to participate. d. The expansion was partially financed by a reduction in future Medicare spending. e. It included a work requirement for able-bodied, working-aged adults without dependents.