Richstone Bakery reduces the price of wheat bread from $2 to $1 and finds that quantity demanded increases from 100 to 120 loaves. Richstone calculates that the price elasticity of demand for wheat bread is (approximately)

If Sam does not have a job and is NOT looking for work, he is considered

A) unemployed and not in the labor force. B) not in the labor force. C) unemployed. D) unemployed and in the labor force.

Which of the following statements about the Earned Income Tax Credit Program (EITC) program is FALSE?

A) On net the EITC discourages work by low- or moderate- income earners more than it rewards work. B) It provides rebates of Social Security taxes to low-income workers. C) Recipients who receive benefit payments under Social Security are also eligible for SSI. D) It is the largest poverty reduction program in the U.S..