Medicaid and SNAP (food stamps) are:
A. available only to families, not to individuals.
B. counterproductive.
C. forms of in-kind assistance.
D. forms of cash assistance.
Answer: C
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It has been said that "underdevelopment is a state of mind." Comment
What will be an ideal response?
In the short run, a perfectly competitive firm earning negative economic profit
A) is on the downward-sloping portion of its AVC. B) is at the minimum of its AVC. C) is on the upward-sloping portion of its AVC. D) is not operating on its AVC. E) can be at any point on its AVC.
Which of the following is not true of a monopolistically competitive firm?
A. The firm will maximize profits by producing where MR = MC. B. The firm will not likely earn an economic profit in the long run. C. The firm will shut down if price is less than average variable cost. D. The firm will produce an efficient quantity where average total cost is minimized.
Neutral taxes do not impose excess burdens.
Answer the following statement true (T) or false (F)