What is a policy that could help recipients of government aid avoid the poverty trap?
a. Providing aid regardless of a person’s income
b. Requiring recipients to perform community service
c. Setting a time limit for how long benefits can be received
d. Limiting the amount of benefits a person can receive
c. Setting a time limit for how long benefits can be received
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The market demand for wheat is ________ and the demand for wheat produced by an individual farm is ________
A) perfectly elastic; perfectly inelastic B) not perfectly elastic; perfectly elastic C) not perfectly inelastic; inelastic D) elastic; unit elastic
In the RBC model, the importance of "intertemporal substitution" of labor supply is ________, which results in a rather ________ labor supply curve
A) denied, flat B) denied, steep C) emphasized, flat D) emphasized, steep