Examples of spillover benefits associated with a college education include:
A. no external benefits.
B. workplace externalities only.
C. civic externalities only.
D. both workplace and civic externalities.
Answer: D
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Explain why a minimum wage creates an inefficient allocation of labor resources
What will be an ideal response?
A characteristic of the long run is
A) all inputs can be varied. B) there are fixed inputs. C) there are both fixed and variable inputs D) plant capacity cannot be increased or decreased.
If the Fed injects reserves into the banking system and they are held as excess reserves, then the monetary base ________ and the money supply ________
A) remains unchanged; remains unchanged B) remains unchanged; increases C) increases; increases D) increases; remains unchanged
Answer the following statements true (T) or false (F)
1. The poverty rate for female householders without a husband present exceeds the poverty rate for blacks and Hispanics. 2. The biggest disincentive to employment for those on welfare is the effect of taxes as they earn income. 3. For many welfare recipients, taking a job reduces income. 4. As incomes rise, transfer benefits to the poor decrease. 5. A minimum wage rate job raises a family out of poverty.