How long can a family collect aid from the Temporary Assistance for Needy Families (TANF) program?
(A) A maximum of five years.
(B) As long as necessary.
(C) A maximum of ten years.
(D) A maximum of two years.
Ans: (A) A maximum of five years.
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Whenever the opportunity costs of goods are significantly different in different countries, there are gains from specialization and trade
a. True b. False
Each of the following, except one, can explain why a given job pays a compensating wage differential. Which is the exception?
a. The job requires costly training. b. The job is dangerous. c. The job is in a city with a high cost of living. d. The job requires a very high level of physical exertion. e. An increase in product demand raises the demand for labor in this job.
Which of the following factors would cause your consumption function to shift upward?
A. A decrease in the value of fixed-money assets B. An increase in the value of your fixed-money assets C. A decrease to your disposable income D. An increase in the average price of goods and services
Compensating differences in wages, pay workers for:
A. differences in worker training and skills. B. differences in the nonmonetary characteristics of jobs. C. geographic immobility. D. discrimination in hiring and firing.