Which of the following income maintenance programs is designed to establish nationwide minimum incomes for the aged, the blind, and the disabled?
A) the Old-Age Survivors' and Disability Insurance (OASDI) program
B) the Supplemental Security Income (SSI) program
C) the Temporary Assistance to Needy Families (TANF) program
D) the food stamps program
B) the Supplemental Security Income (SSI) program
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The role of government in a market economy would include all of the following except
A. providing services such as national defense. B. collecting taxes. C. extensive ownership of productive resources. D. making and enforcing laws.
If you were president of the United States, what would you do to reduce the natural rate of unemployment? Propose at least three different methods
What will be an ideal response?
Opportunity costs exist because
a. there is a price attached to virtually every good or service b. technology is not fixed in the economy c. people have different tastes and preferences d. limited resources cannot satisfy all of the wants in society e. the production possibilities frontier is bowed in with respect to the origin
The unreported or illegal production of goods and services in the economy that is not counted in GDP is termed:
A. money laundering. B. the underground economy. C. disposable personal income. D. indirect national income.