________ is financed through a payroll tax.
A. The Public Housing program
B. The SNAP program
C. The Social Security system
D. The Earned Income Tax Credit program
Answer: C
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The key financial institutions in the United States include all of the following EXCEPT
A) the U.S. Treasury B) the Federal Reserve C) commercial banks, pension funds, and insurance companies D) government-sponsored mortgage lenders
If some consumers think that two detergents have differing qualities, such as brand-name vs. private label detergents, wheres other consumers know that the detergents are identical, then the detergent producer can
A) reduce its costs. B) engage in a special type of price discrimination. C) avoid moral hazard. D) None of the above.
Monopolistic competition has at least one similarity to perfect competition: firms are free to enter and leave the industry.
Answer the following statement true (T) or false (F)
Those who do not favor programs aimed at reducing inequality argue that these programs:
A. reduce people's incentive to work hard. B. increase the crime rates. C. prevent the economy from reaching equilibrium in the labor market. D. penalize people who are unable to work through no fault of their own.