SNAP provides:
A. financial assistance to needy families with children under age 19.
B. assistance to poor people when emergencies arise that aren't taken care of by any of the other programs.
C. nutritional assistance, often in the form of coupons redeemable at food stores.
D. medical assistance for the poor, paid for by the individual states.
Answer: C
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Assume that you have won a prize of $10,000. Make a list of how you would spend and save the money, from most important to least important.
What will be an ideal response?
Lisa consumes only pizzas (P) and burritos (B). Her utility function is U = P0.5 B0.5. The price of per pizza is $10 and the price per burrito is $5. In equilibrium, Lisa consumes four pizzas
Using Lisa's utility function, calculate how many burritos she consumes.
Which of the following is not an example of nonprice competition?
a. Kellogg's introduces Froot Loops with Lemonberry Swirls. b. Sterling Planet provides consumers the opportunity to purchase renewable electricity in upstate New York. c. Mountain Dew sells "Livewire" orange soda in the summer of 2003. d. Nissan lowers the interest rate charged for new automobile financing. e. Honda produces a hybrid version of its Civic.
When bad money drives out good money, the price level will rise
Indicate whether the statement is true or false