Which is the most accurate statement?
A. Workfare has been a great success in moving millions of people off the welfare rolls into minimum wage jobs.
B. Most people on welfare are now limited to receiving benefits for no more than 5 years during their entire adult lives.
C. The Personal Responsibility and Work Opportunity Act of 1996 provides jobs or training for every adult who desires to leave welfare.
D. Until the passage of welfare legislation in 1996, the welfare rolls had been rising for the previous 6 years.
B. Most people on welfare are now limited to receiving benefits for no more than 5 years during their entire adult lives.
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People consume more soup as temperatures falls. So, as cold weather approaches,
A) the demand for soup increases. B) people move farther beyond their demand curves. C) the quantity of soup demanded increases. D) people move closer to their demand curve for sou
Which of the following macroeconomic variables would you exclude from an index of leading economic indicators?
A) Money supply B) Industrial production C) Inventory investment D) Residential investment
A business incurs the following costs per unit: Labor - $5/unit; Materials $3/unit and rent - $5000/month. If the firm produces 100 . units a month, the total fixed costs equals
a. $5,000 b. $8,000 c. $13,000 d. $3,000
Today, in the United States, imports are about
A) 16 percent of GDP. B) 32 percent of GDP. C) 8 percent of GDP. D) 4 percent of GDP.