Many who leave welfare cash assistance programs to work
a. earn less than the minimum wage.
b. earn a high enough wage to raise a family out of poverty.
c. continue to receive in-kind transfers, such as food stamps.
d. earn $20 per hour.
c. continue to receive in-kind transfers, such as food stamps.
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In a perfectly competitive market structure any firm can enter or leave the industry without serious impediments. This implies
A. firms will move labor and capital in pursuit of profit-making opportunities to whatever business venture gives them the highest return on their investment. B. consumers are able to find out about lower prices charged by other firms. C. the products sold will be alike. D. no one buyer or seller has any influence on price.
Which of the following would help reduce our trade deficit?
A. Reduce our trade deficit with China B. Lower our dependence on oil imports C. Reduce our consumption habits D. All of the choices would help reduce our trade deficit.
Pollution and other negative externalities arise because
a. there are no enforceable property rights to open-access resources b. legislators cannot agree on what to do about them c. they are the price consumers are willing to pay for production of goods and services d. private property rights to pollute are controlled by businesses e. science cannot decide how to control them
The national debt increased by nearly $2 trillion in the 1980s because of all of the following except
A. Defense spending. B. Recessions. C. Tax cuts. D. College financing.