Pamela Michelle Scott, a low income single mom, had just finished her monthly shopping to purchase 30 days' worth of meat from Hollins Market
She's reared five healthy children and said that she made good use of the free health clinics and food stamps. Pamela benefits from free health clinics which are ________ and food stamps which is a ________. A) Social Security programs; subsidized service
B) unemployment compensation programs; Social Security program
C) subsidized services; welfare program
D) welfare programs; unemployment compensation program
C
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Expansionary monetary policy is achieved by:
A) decreasing the amount of bank reserves and lowering the federal funds rate. B) decreasing the amount of bank reserves and raising the federal funds rate. C) increasing the amount of bank reserves and lowering the federal funds rate. D) increasing the amount of bank reserves and raising the federal funds rate.
When existing stocks of resources are being heavily utilized, actual output is
A) likely to grow much faster than natural output. B) likely to grow more slowly than natural output. C) equal to natural output. D) no longer tied to natural output.
If at the current level of product-specific service, consumers' value at $60 and the cost of retailers to provide the services is $60, which of the following is true?
A) the profit-maximizing level of profit-maximizing services is less than the current level B) the profit-maximizing level of profit-maximizing services is greater than the current level C) the profit-maximizing level of profit-maximizing services is exactly double the current level D) the profit-maximizing amount of product-specific services is being offered.
As the relative price paid to a resource in a particular use rises,
a. resources will be drawn from lower-valued uses to higher-valued uses b. resources will be drawn from higher-valued uses to lower-valued uses c. resources will generally remain where they are currently employed d. the supply of that resource will shift to the right e. the supply of that resource will shift to the left