Needs-tested spending is best described as
A) spending on programs that entitle qualified persons and businesses to receive benefits.
B) spending on programs that have been tested in some manner.
C) spending on programs that have proven over time to be sound investments.
D) spending on programs that are considered necessities (needed) according to surveys of the public.
E) not spending at all but a reference to the reliability of budget.
A
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Which of the following markets has a single firm?
A) Perfect competition B) Monopolistic competition C) Monopoly D) Oligopoly
If the reciprocal of the slope of a demand curve is calculated, this value is equal to the price elasticity of demand for that good.
Answer the following statement true (T) or false (F)
The new GATS and TRIPS are separate agreements negotiated within the WTO framework as part of the Uruguay Round that apply to
A) services and aircraft. B) services and transportation. C) agriculture and textiles. D) services and intellectual property. E) textiles and transportation.
Because an oligopoly includes a small number of firms, there is the possibility of ________ rather than ________, which can ________ profits for each of the firms.
A) competition; cooperation; increase B) cooperation; competition; increase C) competition; cooperation; decrease D) cooperation; competition; decrease