The food stamp program is an example of
A. an automatic stabilizer.
B. a federal tax.
C. a federal quota.
D. private equity.
Answer: A
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Referring to Figure 19.1, Mexican goods will become more expensive in the United States if the exchange rate goes from ________ to ________ pesos to the dollar
A) 10; 13 B) 11; 13 C) 12; 11 D) 12; 13
Of the following countries, which had the highest level of GDP per capita in 2014?
A) the United States B) Italy C) France D) Japan
If the least wealthy person in a society has millions of dollars, should we still consider that person poor?
What will be an ideal response?
Which of the following does not represent a tradeoff facing a consumer?
a. choosing to purchase more of all goods b. choosing to spend more time on leisure and less time on work c. choosing to spend more now and consume less in the future d. choosing to purchase less of one good in order to purchase more of another good