Being poor in a family with children is sufficient qualification for receiving TANF support. Indicate whether the statement is true or false ANSWER F
Date: September 9th, 2020
Less than 1/3 of those age 85 or older are currently married. Indicate whether the statement is true or false ANSWER T
Date: September 9th, 2020
Refer to Figure 10.3. What quantity will be purchased in a competitive market? A) Q1 B) Q2 C) Q3 D) Q4 E) none of the above ANSWER D
Date: September 9th, 2020
Unlike a competitive buyer, A) a monopsonist faces an upward-sloping industry supply curve. B) a monopsonist pays a different price for each unit purchased. C) a monopsonist sets marginal value equal to marginal expenditure. D) a monopsonist pays a price that depends on the number of units purchased. ANSWER D
Date: September 9th, 2020
Social insurance programs are conditioned on events, rather than means. Indicate whether the statement is true or false ANSWER T
Date: September 9th, 2020
Over 65% of those age 85 or older are female. Indicate whether the statement is true or false ANSWER T
Date: September 9th, 2020
When the government runs a large deficit, A) the supply of loanable funds will shift rightward. B) the supply of loanable funds will shift leftward. C) the demand for loanable funds will shift rightward. D) the demand for loanable funds will shift leftward. E) taxes must rise. ANSWER C
Date: September 9th, 2020
The majority of federal government spending on income transfers would be classified as welfare. Indicate whether the statement is true or false ANSWER F
Date: September 9th, 2020
The majority of the elderly can live comfortably on the assets they have accumulated. Indicate whether the statement is true or false ANSWER F
Date: September 9th, 2020
If individuals decide to save more for retirement, A) the supply of loanable funds will shift rightward. B) the supply of loanable funds will shift leftward. C) the demand for loanable funds will shift rightward. D) the demand for loanable funds will shift leftward. E) an excess supply of loanable funds emerges and persists. […]
Date: September 9th, 2020
