An example of a social insurance program is ____________, whereas an example of a public assistance program is _______
A. Temporary Assistance for Needy Families; unemployment compensation
B. Supplemental Security Income; unemployment compensation
C. Social Security; Supplemental Nutrition Assistance Program
D. Medicaid; Medicare
Answer: C
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There is greater support for active policymaking when
A) price flexibility is common. B) wage flexibility is common. C) pure competition is widespread. D) none of the above.
If the annual interest rate is 5 percent,
a. $100 saved today will be worth $105 after one year b. $90 saved today will be worth $100 after one year c. $100 saved today will be worth $5 after one year d. $99 saved today will be worth $100 after one year e. $100 saved today will be worth $1,000 after one year
Suppose that when the price rises by 20% for a particular good, the quantity demanded of that good falls by 10%. The price elasticity of demand for this good is equal to 2.0
a. True b. False Indicate whether the statement is true or false
After taking out a one year loan with an annual interest rate of 10 percent, Tommy pays $3,300 back to the bank. The principal of the loan must be ________ and the interest payment must be ________.
A. $3,300; $300 B. $3,000; $300 C. $300; $3,000 D. $300; $3,300