The 1996 replacement of Aid to Families with Dependent Children with Temporary Assistance for Needy Families constitutes the single biggest reform in the welfare system in the United States in the last 70 years

Inflation is impossible in a commodity money system

a. True b. False Indicate whether the statement is true or false

A market with more than one seller and significant barriers to entry is called

a. perfect competition b. monopolistic competition c. an oligopoly d. collusive e. regulated