Aid to families with dependent children was
A. a close-to-perfect welfare or public assistance program.
B. criticized because it provided little incentive for recipients to get jobs.
C. contributing to efficient production of goods.
D. superior to a negative income tax for work incentives.
Answer: B
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When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; expand B. increase; raise; decline C. decline; lower; decline D. decline; raise; decline
What is seigniorage? What are the factors that determine whether a currency should emerge as the dominant reserve currency?
What will be an ideal response?
If Happy Cows, a dairy firm, merges with Best Cartons, a manufacturer of dairy cartons, and the combined firm is able to reduce the number of executive managers, the merger created ________.
A) synergies B) managerial diseconomies C) technological interdependencies D) a hold-up problem
The Framework Convention on Climate Change took place in
A) the 1973-1979 Tokyo Round. B) the 1987-1993 Uruguay Round. C) the 1997 Kyoto Protocol. D) the 2001 Doha Round.