An example of in-kind income is:
a. a welfare payment
b. a cash grant.
c. a housing subsidy.
d. an unemployment check.
c
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If the economy is at full employment, then the inflation rate
A) is less than the expected inflation rate. B) is equal to zero. C) can be anywhere on a short-run Phillips curve. D) is equal to the expected inflation rate. E) exceeds the expected inflation rate.
If significant barriers to entry exist in a market, then the market is best described through the model of perfect competition
a. True b. False Indicate whether the statement is true or false
There is no correlation between more years of schooling and increased earnings.
A. True B. False C. Uncertain
According to below graph, at what point is there no longer any marginal utility for eating pizza?
a. fourth slice
b. fifth slice
c. sixth slice
d. seventh slice