Welfare banks are
A. illegal.
B. check-cashing stores.
C. credit unions operated by local welfare departments.
D. bank branches located in poor neighborhoods.
B. check-cashing stores.
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The figure above shows that the deadweight loss from the government's policy is
A) about $350 million. B) about $25 million. C) about $50 million. D) about $100 million. E) zero.
Here are four positions that Farmer Gomez can be in: (1 ) bad weather for Gomez and good weather for all other farmers; (2 ) bad weather for all farmers except Gomez (who witnesses good weather); (3 ) bad weather for all farmers; (4 ) good weather for all farmers. Assuming the demand for foodstuffs is inelastic, Farmer Gomez would probably rank these four positions, from best for him to worst for
him, the following way: A) 1,2,3,4. B) 2,1,3,4. C) 2,3,4,1. D) 4,3,2,1. E) 3,4,1,2.
One reason given for the U.S. productivity slowdown in the period from 1973 to 1995 was
A. declining energy prices. B. increasing energy prices. C. increasing investment spending. D. increasing government spending.
Tyrell is consuming X and Y so that he is spending his entire income and MUx/Px = 7 and MUy/Py = 7. To maximize utility, he should consume
A. the same amount of X and Y since he is already maximizing utility. B. less X and more Y. C. less of both X and Y. D. more X and less Y.