In an attempt to reduce the poverty rate, there has recently been a movement away from income maintenance programs to
A) Supplemental Security Income programs.
B) reducing the age a person can retire at.
C) encouraging people to get jobs.
D) incorporating the Lorenz policy in decisions.
Answer: C
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Monetary & Fiscal policy
What will be an ideal response?
Economists make a distinction between changes in quantity demanded and changes in demand:
a) Because the demand curve shifts whenever there is a change in quantity demanded. b) To distinguish a surplus from a shortage. c) Because the supply curve shifts whenever there is a change in demand. d) To distinguish a movement along a demand curve from a shift of the demand curve.
After the first unit, a monopolist's marginal revenue is less than the price it charges because to sell an additional unit it needs to lower its price.
Answer the following statement true (T) or false (F)
A game in which players as a group lose at the end of the game is referred to as
A. negative-sum game. B. tit-for-tat game. C. positive-sum game. D. zero-sum game.