If income redistribution policy is based on the relative concept of poverty, the war on poverty

A. will be won quite soon.
B. is, by definition, unwinnable.
C. has not helped at all.
D. has already been won.


Answer: B

Economics

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In 2008, the financial and housing crisis caused firms to decrease their profit expectations. As a result, there was a ________ in the ________ for loanable funds curve

A) leftward shift; demand B) movement upward along; demand C) leftward shift; supply D) movement downward along; supply

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Which of the following assumptions were made by the Cournot model of oligopoly?

a. Each seller psychoanalyzes the competition and decides how to react in all possible situations. b. Each seller psychoanalyzes the competition and exactly predicts the output decisions of the competitors. c. Each seller chooses its own output and believes the others in the market will respond to its choices. d. Each seller chooses its own output and believes the others in the market will not respond to its choices.

Economics

Increased spending on which of the following items is most likely to increase the size of government during the years following 2012?

a. education b. Social Security and Medicare c. agricultural subsidies d. transportation (roads and airports)

Economics

If voters are rational, they are more likely to vote

A. if the issues are complex. B. when they are employed. C. in small local elections. D. in large national elections.

Economics