Which is the most accurate statement?
A. The poverty of older Americans is much greater than the problem of child poverty.
B. Public assistance has been considered a great success.
C. Medicare and Medicaid date back to the New Deal of the 1930s.
D. Less than half of those eligible receive food stamps.
D. Less than half of those eligible receive food stamps.
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The stock of wealth increases more rapidly the faster the flow of ________.
A. saving B. money C. income D. assets
If relative purchasing power between the United States and Argentina is 3.22 pesos per dollar, under which circumstances would we say that the dollar is "overvalued"?
A) if the actual exchange rate between the dollar and the Argentinean peso is 3 pesos per dollar B) if the actual exchange rate between the dollar and the Argentinean peso is 4 pesos per dollar C) if the actual exchange rate between the dollar and the Argentinean peso is 3.22 pesos per dollar D) if the actual exchange rate between the dollar and the Argentinean peso is 0.22 pesos per dollar
A problem with the socialization argument is that _____
a. the organization of public schools often lends itself to segregation b. it is unfair c. students need to learn to be good citizens d. public schools are open to everyone
From the economist's perspective, "market failures" basically arise when:
A. the market system is unable to adapt to or to accommodate change. B. the quantity demanded for a good or service is greater than the quantity supplied of the good or service. C. demand and supply do not accurately reflect all the benefits and all the costs of production. D. the quantity supplied of a good or service is greater than the quantity demanded for a good or service.