The view that many welfare mothers have baby after baby to keep their welfare checks rising is a view held by
A. many conservatives.
B. many liberals.
C. both many liberals and conservatives.
D. neither many liberals nor many conservatives.
A. many conservatives.
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Refer to the scenario above. Which of the following will happen if she puts him into a day care?
A) The country's GDP will decrease by $12,000. B) The country's GDP will increase by $12,000. C) The country's GDP will remain unchanged. D) The country's trade deficit will increase by $12,000.
Efficiency is defined as
A) the maximum consumption of goods. B) the production of goods and services. C) production of output at minimum cost. D) arriving at one's destination quickly.
If, in a given economy, production is taking place at a point inside the production possibility frontier:
a. resource allocation is technically and allocatively efficient. b. resource allocation is technically efficient but allocatively inefficient. c. resource allocation is technically inefficient and allocatively efficient. d. resource allocation is technically and allocatively inefficient.
Not counting _____ as unemployed understates unemployment
a. children b. retired persons c. students d. people who do not want to work e. discouraged workers