Which one of the following is not a cash transfer program?
A) TANF (Temporary Assistance for Needy Families)
B) Supplemental Security Income (SSI)
C) Low-rent public housing
D) Social security
Answer is C) Low-rent public housing
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The value of Russia's petroleum exports rises predictably when it is cold in Europe and declines during the warmer months. Is the spot exchange rate (euro/RUB) likely to match this pattern?
What will be an ideal response?
Microsoft has been accused of violating an antitrust law pertaining to bundling
a. True b. False Indicate whether the statement is true or false
The nominal, effective exchange rate is the:
a. Nominal, effective exchange rate adjusted for a nation's price level relative to many foreign countries' prices. b. Value of one currency in terms of another currency. c. Weighted-average value of a currency relative to many foreign currencies. d. Nominal, bilateral exchange rate adjusted for the international price levels of the two countries.
Which of the following represent problems encountered by the Organization for Petroleum Exporting Countries (OPEC) oil cartel?
a. There has been considerable cheating by OPEC members on their quantity allocations. b. The United States has accused the OPEC for price fixing and has partially banned oil cartels. c. World demand for oil has declined by approximately 1/3 since the mid-1970's, making it extremely difficult for OPEC to maintain satisfactory prices and revenues for its members. d. The high production costs incurred by all the OPEC members prompts them to break the cartel and charge a high price in the international market.