"A decrease in the price of digital cameras will decrease the demand for camera film." This statement is an example of a positive economic statement
Indicate whether the statement is true or false
TRUE
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The purpose of the Temporary Assistance to Needy Families program is
A) to provide rebates of Social Security taxes to low-income workers. B) to provide cash assistance and supportive services to assist the family, helping them achieve economic self-sufficiency. C) to provide a minimum income for the aged, blind, and the disabled. D) to supplement Social Security for the elderly with medical problems.
The realization that only a small portion of criminals commit the majority of crimes suggests that, as you devote more resources to the criminal justice system, the
A. marginal benefit quickly increases. B. marginal cost sharply increases. C. total cost always decreases. D. total benefit quickly decreases.