Of the administrative costs for the SNAP program,
A. states bear 50 percent of the costs.
B. 100 percent are paid out of federal tax revenues.
C. federal, state, and local governments split the costs evenly.
D. states pay 100 percent.
Answer: A
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Which of the following is NOT an advantage of a correctly specified structural model?
A) Structural models may help us to more accurately predict the effect that monetary policy has on economic activity. B) A structural model provides more pieces of evidence about monetary policy's effect on economic activity. C) Structural models may allow economists to more accurately predict the impact institutional changes have on the link between monetary policy and income. D) A structural model imposes no restrictions on the way monetary policy affects the economy.
A music venue discovers that its concerts consistently have empty seats in the back rows of the facility. If the venue owner uses marginal analysis to evaluate this situation, he should
A. raise the price of seats in the front rows. B. remove the last few rows. C. lower the ticket price for the seats on the back rows. D. cancel concerts that are not sellouts. E. book acts that are less expensive.
Bob purchases a book for $6, and his consumer surplus is $2 . How much is Bob willing to pay for the book?
a. $6. b. $2. c. $8. d. $4.
What are the four characteristics of a financial instrument?
What will be an ideal response?