A good that delivers a high level of satisfaction to consumers is said to have a high level of ______.
a. equilibrium
b. bounded rationality
c. substitution
d. utility
d. utility
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The continued position of the United States as the world's economic leader is:
a. assured b. predictable c. automatic d. uncertain
In addition to making the automatic stabilizers more effective, discretionary fiscal policy could fight a recession by (1) _________; (2) __________; and (3) _______.
Fill in the blank(s) with the appropriate word(s).
Firms may react to a payroll tax by
A. substituting labor for capital. B. shifting to less capital intensive techniques. C. hiring more labor. D. reducing their output.
To be eligible for Medicaid, pregnant woman and children under one-year-of-age must live in a household with family income under
A. 133% of the poverty line for their family size. B. 185% of the poverty line for their family size. C. $10,000. D. $35,000.