The maximum welfare benefit levels in most states
A. by law are 1.5 times the poverty income threshold.
B. by law must equal the poverty income threshold.
C. are significantly above the poverty income threshold.
D. are significantly below the poverty income threshold.
D. are significantly below the poverty income threshold.
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A year over year ________ in the buying power of money means that definitely ________ from one year to the next
A) decrease; the price level increased B) increase; inflation increased C) decrease; inflation increased D) increase; the price level increased E) Both answers A and C are correct.
Does a subsidy to buyers affect the supply curve?
A. Yes, it shifts supply up by the amount of the subsidy. B. Yes, it shifts supply to the right by the amount of the subsidy. C. No, the quantity supplied will increase, but the supply curve does not move. D. No, the quantity supplied will decrease, but the supply curve does not move.
The flypaper theory of tax incidence
a. ignores the indirect effects of taxes. b. assumes that most taxes should be "stuck on " the rich. c. says that once a tax has been imposed, there is little chance of it changing, so in essence people are stuck with it. d. suggests that taxes are like flies because they are everywhere and will never go away.
The investment in human capital through education and training can result in
A. Reduced output per labor hour. B. Greater productivity. C. Less capital-intensive production. D. Low factor mobility.