"Not all government programs benefit the relatively poor." Discuss this statement with examples
Though government programs are introduced to benefit the relatively poor, some programs tend to have unintended consequences, that helps the affluent class more than the low-income sections. For instance, support for public universities helps the middle or upper income groups more than the poor. Agricultural subsidies help farmers who already have an established business and a much larger income than poorer farmers.
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Possible solutions to omitted variable bias, when the omitted variable is not observed, include the following with the exception of
A) panel data estimation. B) nonlinear least squares estimation. C) use of instrumental variables regressions. D) use of randomized controlled experiments.
Investing in things with unrelated risk is:
A. the key to diversification. B. irrational. C. increasing the likelihood that a catastrophe will occur. D. None of these statements is true.
In many regulated industries, marginal cost will be
a. below average cost. b. above total cost. c. above marginal fixed cost. d. below incremental cost.
A bank has $100 million of checkable deposits, $6 million of required reserves, and $2 million of excess reserves. What is the required reserve ratio?
A. 2 percent B. 3 percent C. 6 percent D. 12 percent