Food stamps and Medicaid are examples of:
A. cash transfer programs.
B. welfare programs that have been eliminated.
C. in-kind transfer programs.
D. programs created by the Personal Responsibility Act.
Answer: C
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Under perfect capital mobility
a. there are no restrictions on buying financial assets, though there may be on buying factories and equipment. b. transactions costs have to be zero. c. differential risk in assets across countries are minimal. d. All of the above e. None of the above
A shortage results when a a. nonbinding price ceiling is imposed on a market. b. nonbinding price ceiling is removed from a market. c. binding price ceiling is imposed on a market
d. binding price ceiling is removed from a market.
Which of the following are components of economic growth
a. growth in labor force. b. technological progress. c. investment. d. all of the above.
Which of the following lists contains, in this order, natural resources, physical capital, and human capital?
a. For a shoe factory: leather, hand tools, the managers' knowledge of shoe making. b. For a steel mill: the blast furnaces, iron ore, the workers. c. For an airline: oil used to make jet fuel, the pilots' knowledge of flying, jets. d. None of the above is correct.