Which of the following is not "means-tested"?
a. Temporary Assistance for Needy Families (TANF)
b. welfare programs
c. the Food Stamp program
d. Social Security payments to a retiree
e. free and reduced price school lunches for the poor
D
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Under a per se approach to the antitrust laws,
a. the government must prove some anticompetitive outcome from the act b. large size alone can be an antitrust violation c. the action will pass antitrust scrutiny if it is shown to be reasonable d. the only real question is whether the prices charged are reasonable e. the courts have ruled antitrust laws unconstitutional
Among the problems associated with subsidizing an industry in the hope of establishing a worldwide monopoly is that if two nations subsidize firms in the same industry, each could lose money.
Answer the following statement true (T) or false (F)
If a country wants to keep the value of its currency fixed, then its central bank should
A. sell its domestic currency when there is an increase in the supply of that currency. B. buy domestic goods when there is an increase in the supply of its domestic currency. C. buy its domestic currency when there is an increase in the supply of that currency. D. sell domestic goods when there is an increase in the supply of its domestic currency.
In 2012, the capital account in the U.S. balance of payments was in:
A. deficit, and larger than the current account deficit. B. surplus, and larger than the current account surplus. C. balance, with no deficit or surplus. D. deficit, and smaller than the current account deficit.