The ________ program was created in 1975 to provide rebates of Social Security taxes to low-income workers
A) food stamp
B) SSI
C) TANF
D) EITC
Answer: D
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The above table gives data for the nation of Mojo. At what level of real GDP is the economy at equilibrium expenditure?
A) $3.0 trillion B) $9.0 trillion C) more than $12.0 trillion. D) $6.0 trillion E) $12.0 trillion
A competitive market is in equilibrium. Then there is a decrease in demand and a decrease in supply. The equilibrium price ________, and the equilibrium quantity ________
A) rises; decreases B) perhaps changes but we can't say if it rises, falls, or stays the same; decreases C) falls; increases D) perhaps changes but we can't say if it rises, falls, or stays the same; increases E) rises; increases
Refer to the above figure. The above figure shows the cost structure of a firm producing an information product. Which curve represents average total cost?
A) Any of the 3 could be ATC. B) Curve 1 C) Curve 2 D) Curve 3
Demand for a resource is a ___________ demand.
Fill in the blank(s) with the appropriate word(s).