Caseload reduction should be viewed as the sole measure of poverty performance. Indicate whether the statement is true or false ANSWER F
Date: September 9th, 2020
In a bilateral monopoly with one buyer and one seller, the monopoly power of the seller and the monopsony power of the buyer tend to: A) reinforce one another. B) counter-act one another. C) favor the buyer. D) favor the seller. ANSWER B
Date: September 9th, 2020
Theory and historical experience both confirm the importance of family size in shaping poverty trends. Indicate whether the statement is true or false ANSWER T
Date: September 9th, 2020
Large manufacturing firms that buy many different parts or components (e.g., auto manufacturers) can choose which parts to buy from other firms and which parts to make in their own factories. These manufacturers may be able to use monopsony power to reduce the price paid to outside suppliers for parts that are: A) standard components […]
Date: September 9th, 2020
Under TANF, all state programs must be identical. Indicate whether the statement is true or false ANSWER F
Date: September 9th, 2020
Large family size by itself creates very little new poverty. Indicate whether the statement is true or false ANSWER T
Date: September 9th, 2020
The degree of monopsony power that a firm enjoys is determined by A) elasticity of market demand, elasticity of market supply, and number of buyers in the market. B) elasticity of market supply, number of buyers in the market, and how buyers interact. C) number of buyers in the market, how buyers interact, and number […]
Date: September 9th, 2020
Which of the following is NOT an example of buyer interaction that may improve the effectiveness of monopsony power? A) Professional sports leagues that coordinate salary structures for players across the teams. B) A buying cooperative in which members pool their purchases into one large order. C) Labor unions that negotiate wage contracts for many […]
Date: September 9th, 2020
The poverty rate by family size levels off after 4 children. Indicate whether the statement is true or false ANSWER F
Date: September 9th, 2020
Of the in-kind programs, food stamps have the highest total annual cost. Indicate whether the statement is true or false ANSWER F
Date: September 9th, 2020
