Suppose the marginal value curve for a monopsonist is MV = 70 – Q, and the marginal expenditure curve is ME = 10 + 2Q. What is the optimal price paid by the monopsonist? A) P = 20 B) P = 50 C) P = 60 D) We need to know the AE curve in […]
Date: September 9th, 2020
In a bilateral monopoly, equilibrium price will A) favor the seller. B) favor the buyer. C) approximate the competitive equilibrium price. D) not be determined by a simple rule. ANSWER D
Date: September 9th, 2020
Poverty and illness interact in a reciprocal relationship that is not equally strong in both directions. Indicate whether the statement is true or false ANSWER T
Date: September 9th, 2020
What is the difference between the corporate paper rate and the corporate bond rate? A) The corporate paper rate refers to interest rates paid on high-quality corporate bonds of relatively short duration (up to 6 months). B) The corporate paper rate refers to interest rates paid on high-quality corporate bonds of relatively long duration (typically […]
Date: September 9th, 2020
The difference between a Treasury bill and a Treasury bond is that the bill A) can be purchased by anyone, and the bond can be purchased by U.S. citizens only. B) is insured, and the bond is not. C) pays more than the bond. D) pays no interest. E) is short-term, and the bond is […]
Date: September 9th, 2020
TANF sends block grants of a fixed amount from the federal government to the states. Indicate whether the statement is true or false ANSWER T
Date: September 9th, 2020
To be eligible for Medicare, an aged individual must exhaust most personal income and assets. Indicate whether the statement is true or false ANSWER F
Date: September 9th, 2020
In a market with a bilateral monopoly: A) there is a single buyer and a single seller. B) there are many buyers and a single seller. C) there is a single buyer and few sellers. D) there are a few buyers and many sellers. E) there are a few buyers and a few sellers. […]
Date: September 9th, 2020
The effectiveness of the Family Support Act of 1988 was enhanced by generous funding. Indicate whether the statement is true or false ANSWER F
Date: September 9th, 2020
Studies have shown that children born into poverty do not suffer from lasting health problems. Indicate whether the statement is true or false ANSWER F
Date: September 9th, 2020
