The TANF program is generally thought of as being a success because _____
a. welfare rolls have declined significantly since its inception
b. welfare spending has declined significantly since its inception
c. is similar to the AFDC program while being strictly means-tested
d. a and b
a
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The NBER's Business Cycle Dating Committee defines a recession as at least two consecutive quarters of falling real GDP
Indicate whether the statement is true or false
What is the distinction between capital and the services of capital?
What will be an ideal response?
How much trade involves shipping goods between the fairly similar high-income economies of the United States, Canada, the European Union, Japan, Mexico, and China?
a. Roughly one-fourth b. Roughly one-third c. Roughly one-half d. Roughly one-fifth
Mutual interdependence means that each firm in an oligopoly:
A. Faces a perfectly inelastic demand for its product B. Considers the reactions of its rivals when it determines its pricing policy C. Depends on the other firms for its inputs D. Depends on the other firms for its markets