A major difference between social insurance and income assistance programs is that
a. social insurance programs are run by the states and income assistance programs are run by the federal government
b. funding for social insurance programs comes exclusively from the federal government, whereas income assistance programs are funded both at the state and federal levels
c. benefits from social insurance programs are related to a worker's contributions to the programs, whereas benefits from income assistance programs are not
d. social insurance programs are available only to households with children
e. income assistance programs are available only to households without children
C
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Refer to Table 2.3. Nominal GDP in 2013 is
A) $568.00. B) $794.00. C) $812.00. D) $961.00.
The Tragedy of the Commons occurs because
a. common resources are rival in consumption. b. government does not efficiently allocate society's scarce resources. c. people consider the value of resources in the future more than in the present. d. markets do not account for the presence of property rights.
Which of the following is not a major trading partner of the U.S.?
A. Canada B. Mexico C. Russia D. China
People do not usually behave in a noncooperative fashion even when it is in their immediate interest to do so because
A) they realize such behavior is immoral. B) they know there can be 2 winners. C) they know they will have repeated dealings with the other people. D) they understand the difficulties with game theory.