Which is the most accurate statement about the Personal Responsibility and Work Opportunity Act of 1996?
A. The decline in the welfare rolls since the mid-to-late 1990s was due entirely to this law.
B. This law was directly responsible for throwing millions of the poor out on the street.
C. The law validated President Clinton's promise "to put an end to welfare as we know it."
D. The law had very little success in removing people from the welfare rolls.
C. The law validated President Clinton's promise "to put an end to welfare as we know it."
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In the above figure, to achieve efficiency, the government should
A) impose a tax of $2 per unit. B) impose a tax of $3 per unit. C) offer a subsidy of $2 per unit. D) offer a subsidy of $3 per unit.
To be effective, pure bundling requires firms to be able to separate consumers into separate markets
Indicate whether the statement is true or false
Which EU country has NOT adopted the euro?
A) Germany B) France C) Denmark D) Greece
You are an efficiency expert hired by a manufacturing firm that uses K and L as inputs. The firm produces and sells a given output. If w = $40, r = $100, MPL = 20, and MPK = 40 the firm:
A. is profit maximizing but not cost minimizing. B. is cost minimizing. C. should use less L and more K to cost minimize. D. should use more L and less K to cost minimize.