SNAP (food stamps) and Medicaid are examples of:
A. money transfers
B. resource earnings
C. in-kind transfers
D. tax expenditures
Answer: C
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Assuming all else equal, if an airline company decides to purchase new planes, it is likely to cause:
A) a downward movement along its credit demand curve. B) its credit demand curve to shift to the right. C) an upward movement along its credit demand curve. D) its credit demand curve to shift to the left.
Consider two banks: Bank A and Bank B. Suppose the value of liabilities of both the banks is equal. However, Bank A is solvent but Bank B is insolvent. This would imply that:
A) the value of Bank B's assets exceeds the value of Bank B's liabilities. B) the value of Bank A's liabilities exceeds the value of Bank A's assets. C) the value of Bank B's assets exceeds the value of Bank A's assets. D) the value of Bank A's assets exceeds the value of Bank B's assets.