If individuals start paying off the large amount of credit card debt they now hold, 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 demand […]
TANF provides benefits that raise recipients to the poverty line. Indicate whether the statement is true or false ANSWER F
Refer to Figure 10.3. What price will the monopsonist pay when maximizing profit? A) P1 B) P2 C) P3 D) P4 E) P5 ANSWER E
As firms’ expected profit from new capital projects falls, 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) projects must become more profitable ANSWER D
For poor and nonpoor elderly, social security receipts exceeds the sum of interest, dividends, pensions, and earnings. Indicate whether the statement is true or false ANSWER F
A monopsonist will buy ________ units of input than a competitor, and will pay ________ per unit. A) fewer; less B) more; less C) fewer; more D) more; more ANSWER A
If technological breakthroughs in the computer and software industries cause large numbers of firms to consider investment projects they hadn’t previously thought of, 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 […]
All the welfare programs combined are twice as large as Social Security. Indicate whether the statement is true or false ANSWER F
Being poor in a family with children is sufficient qualification for receiving TANF support. Indicate whether the statement is true or false ANSWER F
By the year 2025 the percentage of elderly in the U.S. should constitute nearly 10% of the population. Indicate whether the statement is true or false ANSWER F
