Medicaid is an example of a cash assistance poverty program
Indicate whether the statement is true or false
F
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Refer to the scenario above. Suppose Edwin consumes the total output produced. What is likely to happen in this case?
A) GDP will remain unchanged. B) GDP will decrease. C) Trade surplus will increase by $200. D) GDP will increase.
A positive externality arises in a situation where a third party, who is not part of a market transaction, _____
a. fails to allocate resources efficiently b. suffers from a market transaction by others c. benefits from a market transaction by others d. pays a pollution tax to balance social costs
In the graph shown below, if the market demand were to shift right, which of the following would occur for the firm? 
A. The total cost curve would shift downward. B. The total revenue function would rotate downward. C. The total revenue function would rotate upward. D. The firm would produce less output.
Esme’s government provides grants to companies to help them pursue research opportunities. It also invests heavily in its own research and development efforts. How has this most likely changed Esme’s country?
a. Labor productivity and growth have been hindered. b. The need for human capital has been reduced. c. Productivity and economic growth have been improved. d. The standard of living has declined.