Which is the most accurate statement?
A. The poverty of older Americans is much greater than the problem of child poverty.
B. Public assistance has been considered a great success.
C. Medicare and Medicaid date back to the New Deal of the 1930s.
D. Less than half of those eligible receive food stamps.
D. Less than half of those eligible receive food stamps.
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The income effect is the concept that changes in consumption of a good result from changes in government spending
a. True b. False Indicate whether the statement is true or false
What matters in Economics is:
a. how much gain a transaction yields. b. how the gains from a transaction are split between the buyer and the seller. c. how much gain the buyer realizes from a transaction. d. that the transaction between a buyer and a seller takes place.