The major in-kind benefit programs for the United States are:
a. Food Stamps and Temporary Assistance to Families.
b. Supplemental Security and Earned Income Tax Credits.
c. Social Security and Unemployment Insurance.
d. Medicare and Medicaid.
Ans: d. Medicare and Medicaid.
Economics
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How does a government budget deficit occur?
A) A government's tax revenues exceed its spending. B) If a nation carries a public debt, it must be running a deficit every year. C) A government's spending exceeds its tax revenues. D) A nation earns more on exports than it spends on imports.
Economics
Real labor income is given by ________
A) MPL × L B) labor share of income × labor productivity × labor C) labor share of income × output D) all of the above E) none of the above
Economics