Refer to Scenario 15.3. $X would be higher if Ms. Querty's
A) income and the interest rate were higher.
B) income and the interest rate were lower.
C) income were higher and the interest rate were lower.
D) income were lower and the interest rate were higher.
E) mortality rate and growth in income were lower.
C
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Which of the following programs are in cash?
A. AFDC/TANF B. AFDC/TANF and EITC C. WIC D. EITC
An example of the principal-agent problem is when
A) managers try to cope with employees that are inefficient. B) proprietors don't receive any money payment for their entrepreneurial skills. C) managers devise penalties that eliminate employee waste. D) managers devise incentives that encourage employees to act in the owner's behalf.
If a monopolist can perfectly price discriminate, then
A) price equals average cost for each unit sold. B) price equals marginal cost for each unit sold. C) price equals marginal cost for the last unit sold. D) the firm can ignore the marginal cost curve.
Generally speaking, protection from foreign competition benefits:
a. both domestic producers and foreign producers. b. both domestic consumers and foreign consumers c. domestic consumers and foreign consumers. d. neither domestic producers nor foreign producers. e. domestic producers at the expense of domestic consumers.