Welfare support creates a moral hazard by
A. Solving the equity and efficiency conflict.
B. Reducing the need to work.
C. Encouraging workfare.
D. Encouraging individuals to help themselves.
Answer: B
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The demand for money increases and the demand curve for money shifts rightward as a result of
A) an increase in real GDP. B) a decrease in the price level. C) a decrease in the nominal interest rate. D) an increase in the use of credit cards. E) a decrease in the real interest rate.
Lisa spends all her income on pizzas and DVDs. The above table shows Lisa's marginal utility for pizza and marginal utility for DVDs
If the price of a pizza is $10 and the price of a DVD is $10 and Lisa has $60 to spend on the two goods, what combination of pizza and DVDs will maximize her utility? A) 2 DVDs and 4 pizzas B) 3 DVDs and 5 pizzas C) 4 DVDs and 2 pizzas D) 3 DVDs and 3 pizzas
By requiring minimum reporting, disclosure, vesting, funding, and investment standards, the __________ helps safeguard employee pension rights
A) Employee Retirement Income Security Act B) Federal Deposit Insurance Corporation C) Social Security Act D) Federal Reserve
Unemployment caused by automation would be broadly classified as
a. structural. b. frictional. c. cyclical. d. induced.