One effect of the work requirements of welfare reform has been
a. to make the demand curve for welfare upward sloping
b. to lower the "price" of welfare to recipients
c. to make the supply curve of welfare upward sloping
d. to reduce the amount of hassle involved with going on welfare
e. to raise the "price" of welfare to the recipients
E
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How many members are there of the U.S. Senate Committee on Banking, Housing and Urban Affairs?
A. 15 B. 20 C. 21 D. 28
A major difference between a single-price monopolist and a perfectly competitive firm is that the
A) monopolist can maximize profit by setting the price of the output where demand is inelastic. B) monopolist can always increase its profits by increasing the price of its output. C) monopolist's marginal revenue is less than price. D) monopolist is guaranteed to earn an economic profit.