The major social insurance program in the United States is
a. Social Security
b. Temporary Assistance for Needy Families
c. Medicare
d. Medicaid
e. food stamps
A
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Suppose that an economy can produce various combinations of fish and bread. If more people with strong fishing skills became employed in this economy, how would the production possibilities curve (PPC) change?
a. The PPC would shift outward on the fish axis, but would not change on the bread axis. b. The PPC would shift outward equally along both the fish and the bread axes. c. The PPC would shift inward on the bread axis, but would not change on the fish axis. d. The PPC would shift inward equally along both the fish and the bread axes.
Water shortages are usually the result of
a. profit-seeking owners of the resource holding water off the market and refusing to trade. b. bad forecasts by water planners. c. monopoly fixing of water prices. d. a lack of tradeable property rights in water.
If autonomous consumption rises, the TE curve shifts __________, the marginal propensity to consume __________, and the TP curve __________
A) upward; rises; shifts downward B) upward; remains unchanged; remains unchanged C) downward; rises; remains unchanged D) upward; remains unchanged; shifts downward E) none of the above
Which of the following would most likely cause the supply of wheat to increase?
What will be an ideal response?