Under TANF, there is a lifetime eligibility cap of five years, with some loopholes
Indicate whether the statement is true or false
T
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Market supply for a private good is found by
a. vertically summing all market prices for a given quantity b. horizontally summing the quantity decisions of producers at each and every price c. adding the price-quantity pairs for all units sold d. none of the above
If a country lacks ________, economic growth ________
A) a democratic form of government; cannot occur B) a proper incentive system; cannot occur C) pure capitalism; will be slower compared to other countries D) a proper incentive system; will occur at a pace suggested by the new growth theory E) economic freedom; will increase at a faster pace
The overall welfare effects of trade are ________ if ________
A) positive; those who gain can compensate those who lose and still be better off B) positive; more people gain from trade than lose from it C) negative; some people are made worse off by trade D) negative; those who lose can compel those who gain to compensate them for their losses E) positive; the domestic economy grows faster than do foreign economies
A single currency area requires
A) mobile labor and synchronized business cycles. B) immobile labor and synchronized business cycles. C) immobile labor and mobile capital. D) mobile labor and unsynchronized business cycles.