________ is available only to low-income families with children.
A. Medicare
B. The SNAP program
C. The Earned Income Tax Credit
D. Medicaid
Answer: C
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Hubert's Copy Services is in perfect competition. Hubert currently charges 10 cents per page, which is the going market price. He thinks that he can increase his profit by raising the price. Is it possible? Why or why not?
What will be an ideal response?
________ means the supply curve has shifted to the right, while ________ refers to a movement along a given supply curve in response to an increase in price
A) An increase in supply; an increase in quantity supplied B) A decrease in supply; a decrease in quantity supplied C) A decrease in supply; an increase in supply D) An increase in supply; a decrease in supply
The fundamental economic problem is: a. poverty
b. unemployment. c. scarcity. d. inflation.
Which of the following does not take place in the direct finance market?
A) Ownership in corporations is sold in the form of common stock. B) Deposits from savers are accumulated and loans made to borrowers. C) Ownership in corporations is sold in the form of preferred stock. D) Corporate bonds are sold to savers.