For which of the following income-maintenance programs is aggregate spending the greatest?
A. Medicare.
B. Social Security.
C. Unemployment compensation.
D. TANF.
Answer: B
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Studies show that improved education of women in developing countries leads to
(a) lower infant mortality. (b) better designed, market based development policies. (c) lower international dependence. (d) all of the above.
Investors should be willing to pay more for a stock when (controlling for all other things):
a. Future interest rates are expected to increase. b. Future interest rates are expected to decrease. c. Future dividends are expected to decrease.
How will the price and output of a monopolist compare with perfect competition?
a. The output of the monopolist will be too large and the price too high. b. The output of the monopolist will be too large and the price too low. c. The output of the monopolist will be too small and the price too high. d. The output of the monopolist will be too small and the price too low.
Suppose the official gold value of the Brazilian real changes from 457 reals per ounce to 528 reals per ounce. We can then say that:
a. the Brazilian real has been devalued. b. the Brazilian economy is expected to experience rapid inflation. c. gold has been devalued. d. the Brazilian real has appreciated in value. e. gold is now cheaper to purchase in Brazil than it was before.