The Personal Responsibility and Work Opportunity Act of 1996 ended the federal guarantee of cash assistance for ______________.
Fill in the blank(s) with the appropriate word(s).
poor children
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The total market value of final goods and services produced in an economy during a one-year period is
A) personal income. B) profit. C) net national product. D) Gross Domestic Product.
The LRAC curve generally is
A) shaped as an upside-down U. B) U-shaped. C) upward sloping. D) downward sloping.
Under a fixed exchange-rate system, in order to maintain the exchange rate:
a. governments must adopt a laissez-faire economic policy. b. all trading partners must enjoy the same level of economic growth. c. currencies must be inconvertible. d. the imports of one country must equal the exports of its trading partner. e. governments must intervene in the foreign exchange market.
The record of all international financial transactions in which a nation has engaged over a year is known as the: a. current account
b. capital account. c. balance of payments. d. the unilateral transfers balance.