If an individual receives in-kind transfers from the government in the form of food stamps, public housing, and so on, his money income is
A) less than his total income.
B) greater than his total income.
C) the same as his total income.
D) equal to his in-kind income plus his wages.
Answer: A
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Capital deepening is the only mechanism by which economies can grow
Indicate whether the statement is true or false
A decrease in the riskiness of corporate bonds will ________ the yield on corporate bonds and ________ the yield on Treasury securities, everything else held constant
A) increase; increase B) decrease; decrease C) increase; decrease D) decrease; increase
However linked the war-induced cycle theory is to our economic reality, most economists suppose that
a. war conspiracies, seemingly far-fetched, have much validity b. these cycles were random shocks to an economy already in continuous cyclical motion c. most wars since 1815 (Napoleonic period) were initiated principally to jump-start a sagging economy d. wars are necessary to achieve sustained economic prosperity e. there is no link between war and the economy
To persist, a monopoly must:
a. be regulated. b. set its price to eliminate the deadweight loss. c. be a natural monopoly. d. be protected by a barrier against the entry of other firms.