How long can a family collect aid from the Temporary Assistance for Needy Families (TANF) program?
(A) A maximum of five years.
(B) As long as necessary.
(C) A maximum of ten years.
(D) A maximum of two years.
Ans: (A) A maximum of five years.
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Techland's aggregate production function is Y = A × K1/3 × H2/3. Find out the contribution of technology to Techland's GDP if its gross domestic product is $2,000,000, capital stock is 125,000 units and total efficiency units of labor is 1,000,000
What will be an ideal response?
In the text, the authors present evidence that the market for free agents in professional baseball is subject to the lemons problem. How could a prospective free agent overcome this problem when seeking a new contract?
A) Agree to accept a lower salary with a new team. B) Rely on standardization to avoid the asymmetric information problem. C) Decide to negotiate only with their current team. D) Develop a reputation as a reliable and productive player.