In order for Mary to qualify for benefits under a means-tested transfer payment program,
a. she must have worked and contributed to the program
b. she must be able to repay the cash transfer at a later date
c. the head of her household must be able to hold a job
d. she must be totally disabled
e. her household's income and/or assets must fall below a certain level
E
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What is perfect price discrimination and why do economists believe that no firm is able to practice perfect price discrimination?
What will be an ideal response?
When banks fail during a financial crisis, ________
A) the removal of these weak institutions serves to strengthen the financial system B) the elimination of competitors is likely to spark a credit boom C) there is a loss of information that can cause the crisis to worsen D) surviving banks resort to financial engineering to retain customers