Direct transfer programs are generally less efficient and less politically acceptable than subsidy programs
a. True
b. False
B
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One effect of adverse selection in a market is that the equilibrium quantity of the product may
be smaller than it would have been if there were no asymmetric information problems. Indicate whether the statement is true or false
Social Security contributions are
A) a voluntary dollar amount that people contribute towards Social Security. B) entirely paid by your employer. C) mandatory taxes partially paid out of workers' wages and salaries. D) collected only from people earning more than $120,000 a year.
The default rate actually drops as the amount borrowed increases, that is, default rates are highest among those with the smallest student loan debts.
Answer the following statement true (T) or false (F)
The analysis of the three major macroeconomic markets shows:
a. That GDP is a constant figure which is not influenced by any movements in the three markets. b. That the three markets are uncorrelated and movements in one market are independent from movements in the other two markets. c. That movements in one market cause predictable changes in the other two markets. d. A) and B) are both correct.