Which statement is true?
A. Poor people generally receive Social Security benefits.
B. Medicaid is an "in-kind" benefit paid to poor people.
C. Nearly all of the poor receive public assistance.
D. None of these statements are true.
B. Medicaid is an "in-kind" benefit paid to poor people.
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Refer to Figure 1A.1. Assume that the graph in this figure represents the demand and supply curves for walnuts. An advance in production technology which makes harvesting walnuts less time consuming would be represented by a shift from
A) Demand 1 to Demand 2. B) Demand 2 to Demand 1. C) Supply 1 to Supply 2. D) Supply 2 to Supply 1.
Two factories make wooden chairs. If the workers in factory X make each chair from start to finish and the workers in factory Y divide labor, one would assume
A. the workers in factory Y have more job satisfaction. B. factory X can take advantage of division of labor and produce more efficiently. C. factory Y can take advantage of division of labor and produce more efficiently. D. the chairs in factory X are of higher quality.