Perhaps the biggest problem that is faced by those administering workfare programs is
A. that most of the people on welfare are not highly employable.
B. too much money is allocated for education and training.
C. that welfare recipients have no incentive to work.
D. the states are not required to follow any guidelines in administering the program.
A. that most of the people on welfare are not highly employable.
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The U.S. financial system is a(n) __________ system
A) markets-oriented B) angel financing C) banking-oriented D) loan committee
Follow a $1 billion purchase of U.S. Treasury bonds by the Fed from commercial banks. Discuss the changes that occur to the balance sheet of the banking system and the balance sheet of the Fed.
What will be an ideal response?
Suppose a risk-neutral competitive firm must produce output before the market price is known. If the uncertain price is given by p = p* + e, where e is a random term with an expected value of zero, a competitive firm should shut down in the short run if:
A. p* < AFC. B. p* < AVC. C. p* < MC. D. p* + e < AFC.
If firms become more pessimistic about future sales, then
A. There will be a leftward movement along the AD curve. B. There will be a rightward movement along the AD curve. C. The AD curve will shift to the left. D. The AD curve will shift to the right.