Medicaid and food stamps are

a. available only to the elderly
b. part of Social Security
c. forms of in-kind assistance
d. forms of cash assistance
e. transfer payments to the poor


C

Economics

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If an early frost destroys most of the apple crop, the equilibrium price of an apple ________ and the equilibrium quantity ________

A) rises; increases B) rises; decreases C) falls; increases D) falls; decreases E) does not change; decreases

Economics

The intangible costs associated with reduced quality of life include:

a. potential income lost due to premature death. b. the cost of home remodeling to accommodate a physical handicap. c. pain and suffering. d. household services that must be replaced, such as housework. e. lost productivity at work.

Economics

A monopoly is a sole ____, and a monopsonist is a sole ____.

A. buyer in a product market; seller in a product market B. seller in a product market; seller in a labor market C. buyer in a product market; seller in a labor market D. seller in a product market; buyer in a labor market

Economics

Too much data is available to test macroeconomic models.

Answer the following statement true (T) or false (F)

Economics