In-kind transfers include the direct transfer of
A. Goods and services rather than cash.
B. Cash rather than goods.
C. Education rather than housing.
D. Cash rather than medical services.
Answer: A
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Suppose a single-parent father with four children receives these welfare benefits from the government each month: $400 in cash, $200 in food stamps, and $100 in medical benefits
If the father takes a job paying $1000 per month he will lose all these benefits and will also pay $100 in income and social security taxes. His earnings from the job are consequently being taxed at an effective marginal rate of A) 80%. B) 60%. C) 40%. D) 20%. E) 10%.
Expansionary monetary policy refers to the Fed's increasing the money supply and increasing interest rates to increase real GDP
Indicate whether the statement is true or false
If both the supply and demand curves shift to the left, then we can conclude that there will be a(n): a. increase in the equilibrium quantity sold. b. decrease in the equilibrium quantity sold. c. increase in the equilibrium price
d. decrease in the equilibrium price.
Jenny sells lemonade in front of her house in the summer. Several other kids in Jenny's neighborhood also run lemonade stands in the summer. The lemonade market in Jenny's neighborhood is more likely to be perfectly competitive if:
A. each lemonade stand sells the same kind of lemonade. B. each stand tries to get more customers by offering different varieties of lemonade and snacks. C. some of the neighborhood parents build elaborate booths for their kids' stands while some kids sell from makeshift tables. D. all of the kids advertise heavily.