The basic idea behind the 1996 changes in the welfare program was to
a. eliminate poverty in the United States
b. eliminate the idea that welfare was an entitlement
c. create a new class of workers in the United States
d. eliminate the food stamp program
e. provide the poor with jobs
B
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Under socialism, factories, farms, mines, and natural resources are owned by:
a. laborers. b. government. c. private stockholders. d. no one.
Below are pairs of GDP growth rates and unemployment rates. Economists would be shocked to see most of these pairs in the U.S. Which pair of GDP growth rates and unemployment rates is realistic?
a. 10 percent, 1 percent b. 2 percent, 12 percent c. -1 percent, 8 percent d. -2 percent, 2 percent
When the dollar appreciates, U.S
a. exports decrease, while imports increase. b. exports and imports decrease. c. exports and imports increase. d. exports increase, while imports decrease.
When the demand for coffee increases, ceteris paribus, the equilibrium price will also increase because
A. A shortage exists at the old equilibrium price. B. The market supply and demand curves do not intersect. C. Market demand must be upward-sloping. D. There must be a surplus of the good.