Giving poor people food instead of cash for food
A. is an in-kind transfer.
B. will benefit some more than others, depending on their utility function.
C. is politically popular.
D. all of these answer options are correct.
D. all of these answer options are correct.
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If the nominal interest rate is 7 percent and the rate of inflation is 3 percent, then the real interest rate is
a. 7 percent. b. 4 percent. c. 3 percent. d. 10 percent.
Figure 2-5 shows five different points along the production possibilities frontier for a country that produces rockets and cruise ships. If the country is currently operating at point C and decided to move to point B,
a. the opportunity cost would be four rockets
b. it could not do so, given the current state of technology and quantity of resources
c. the country would have to forego producing six cruise ships
d. the opportunity cost would be four cruise ships
e. the opportunity cost would be six rockets
The problem of determining how goods and services should be produced is a problem of deciding:
A) the best combinations of resources to be used for producing goods and services. B) the extent to which imports should be reduced relative to exports. C) the extent to which exports should be reduced relative to imports. D) who owns the resources.
One way to ensure all producers benefit from a price floor is to:
A. ration a certain quantity per producer. B. ration a certain quantity per consumer. C. give a government guarantee to buy all surplus. D. All of these are examples of ensuring all producers benefit using non-price methods.