Which is the most accurate statement?
A. Since 1994 most former welfare recipients have found fairly well paying jobs with full medical benefits.
B. Welfare reform has not gotten very many people off of welfare rolls.
C. Welfare reform was carried out during a time of great prosperity.
D. Welfare reform has at least doubled the number of homeless Americans.
C. Welfare reform was carried out during a time of great prosperity.
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The very existence of an insurance policy may cause people to behave in a riskier manner, which will increase the moral hazard problem
Indicate whether the statement is true or false
Which of the following is a fixed payment loan?
A) a home mortgage B) a U.S. Treasury bill C) a U.S. Treasury note D) a zero-coupon bond
If the price of a hamburgers increases, the substitution effect works to
a. decrease the quantity of hamburgers supplied b. increase the number of hamburger buns demanded c. decrease the quantity of hamburgers demanded d. increase the number of hamburger buns supplied e. increase the quantity of hamburgers demanded
Under a system of private property, could a 60-year-old owner of a tree farm benefit by planting and caring for
a. No, the farmer will be dead before the crop will be ready for harvest. b. No, the value of the farmer's land will decline since he is taking it out of production for the next 50 years. c. Yes, the farmer will benefit because this action will increase the value of the land if and when the farmer decides to sell. d. Yes, but only if the project is subsidized by the government or private conservation groups.