The largest income redistribution program(s) in the United States is (are) the
A. Social Security System.
B. Supplemental Security Income program.
C. Temporary Assistance to Needy Families (TANF) program.
D. Medicare and Medicaid programs.
Answer: A
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An example of a fungible commodity is:
A. oil. B. gold. C. aluminum. D. All of these are fungible commodities.
The relationship between average and marginal variables can be stated as follows: if the marginal is greater than the average,
a. the average is increasing b. the average is decreasing c. the marginal is increasing d. the marginal is decreasing e. the total is decreasing
Which of the two fiscal stimulus tools will ultimately have the same impact on aggregate spending?
A. $100 billion tax cut and $100 billion increase in government spending. B. $100 billion increase in transfer payments and $100 billion in tax cuts. C. $100 billion increase in government spending and $100 billion increase in transfer payments. D. All of the choices are correct.
Which price structure would tend to most effectively promote water conservation?
a. Uniform block structure b. Constant price structure c. Increasing block structure d. Decreasing block structure e. Marginal price structure