Which statement is true?
A. No one receiving public assistance is employed.
B. Some people receiving public assistance are employed.
C. More people were receiving public assistance in 2007 than in 1994.
D. According to current law, no one will be eligible to receive public assistance by the end of 2012.
B. Some people receiving public assistance are employed.
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Which of the following is NOT a primary center of foreign-exchange trading?
A) New York B) London C) Munich D) Tokyo
If demand is perfectly elastic
A) then a 1% increase in price leads to a fall in quantity of greater than 1%. B) then a 1% increase in price leads to a fall in quantity of less than 1%. C) then a 1% increase in price causes quantity demanded to fall to zero. D) then a 1% increase in price has no effect on quantity demanded.
If Joel buys ten floppy disks, which are worth a total of $30 to him, and he pays $1 a disk, how much consumer surplus does he derive?
a. $24 b. $15 c. $20 d. $10 e. $2 from each floppy disk
A decrease in the price of one good results in a parallel shift in the budget line
a. True b. False Indicate whether the statement is true or false