Which of the following income maintenance programs is designed to establish nationwide minimum incomes for the aged, the blind, and the disabled?
A) the Old-Age Survivors' and Disability Insurance (OASDI) program
B) the Supplemental Security Income (SSI) program
C) the Temporary Assistance to Needy Families (TANF) program
D) the food stamps program
Answer: B
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Under the VAR assumptions, the OLS estimators are
A) consistent and have a joint normal distribution even in small samples. B) BLUE. C) consistent and have a joint normal distribution in large samples. D) unbiased.
Demand is said to have unit elasticity if the price elasticity of demand is
a. less than 1. b. greater than 1. c. equal to 1. d. equal to 0.
Government purchases are included in national product.
Answer the following statement true (T) or false (F)
In the long run, if imports increase, then exports
A. will not change. B. will become zero. C. will decrease. D. will also increase.