The major in-kind benefit programs for the United States are:

a. Food Stamps and Temporary Assistance to Families.
b. Supplemental Security and Earned Income Tax Credits.
c. Social Security and Unemployment Insurance.
d. Medicare and Medicaid.


Ans: d. Medicare and Medicaid.

Economics

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In the ________ increases in the supply of money will ________.

A. short run; raise total demand and output B. long run; raise total demand and output C. long run; lead to lower prices D. short run; decrease total demand and output

Economics

Refer to the information provided in Figure 12.5 below to answer the question(s) that follow.  Figure 12.5  Refer to Figure 12.5. Hula hoops are produced in a perfectly competitive market. This hula hoop firm is currently producing and selling 100 hula hoops per week. Which of the following is true?

A. Hula hoop production is at the efficient level because ATC is minimized. B. Fewer resources should be devoted to hula hoop production because ATC is less than price. C. Society would be better off if fewer hula hoops were produced because if this firm reduced its production, its profits would increase. D. Society would be better off if more hula hoops were produced because at the current level of production price is greater than marginal cost.

Economics

Which of the following goods is most likely to have a negative income elasticity of demand?

a. Automobiles b. Bargain brand noodles c. Shoes d. Fine Jewelry

Economics

Because deadlines are frequently missed, budgets typically run from year to year based on _____

a. continuing resolutions b. budget resolutions c. congressional suggestions d. the suggestions of the President e. the suggestions of the President's Council of Economic Advisers

Economics