Which of the following government programs are likely to aid the poor more than those in upper income brackets?
a. subsidies to museums
b. state-subsidized higher education benefits
c. school lunch programs
d. government subsidies to airports
c
You might also like to view...
In the labor market, an increase in labor productivity ________ the real wage rate and ________ the level of employment
A) raises; increases B) raises; decreases C) lowers; increases D) lowers; decreases
Which of the following statements about resource allocation is correct?
a. Within a firm, resources are allocated by prices; in the market, resources are allocated by the decisions of managers. b. Resources are allocated by prices both in the market and within the firm. c. Within a firm, resources are allocated by the decisions of managers; in the market, resources are allocated by prices. d. Resources are allocated by the decisions of managers both within the firm and in the market. e. In the market, resources are allocated either by prices or by the decisions of managers.
If you advertise and your rival advertises, you each will earn $4 million in profits. If neither of you advertises, you will each earn $10 million in profits. However, if one of you advertises and the other does not, the firm that advertises will earn $1 million and the non-advertising firm will earn $5 million. Suppose this game is repeated for a finite number of times, but the players do not know the exact date at which the game will end. The players can earn profits of $10 each period as a Nash equilibrium to a repeated play of the game if the probability the game terminates at the end of any period is:
A. between 0 and 1. B. close to 1. C. close to 0. D. All of the statements associated with this question are correct.
Suppose that the table shown shows the demand and supply schedules for pork bellies. Based on the table, the equilibrium price of pork bellies is:Price($/lb.)Quantity demanded (lbs.)Quantity Supplied (lbs.)$0.1030,0005,000$0.2025,00010,000$0.5020,00020,000$0.7515,00030,000$0.955,00040,000
A. $0.75/lb. B. $0.25/lb. C. $0.50/lb. D. $0.10/lb.