Entitlement programs include:
A. Welfare programs only
B. Social insurance programs only
C. Both public assistance programs and social insurance programs
D. Welfare programs and public assistance programs
C. Both public assistance programs and social insurance programs
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A foreign discriminating monopolist is engaging in:
a. infant industry protection. b. dumping its product. c. giving preferential treatment to domestic consumers. d. charging higher prices to foreign consumers.
We assume an upward sloping supply curve because:
A. the income effect tends to dominate labor-supply decisions in the real world. B. it makes better theoretical sense that the price effect would dominate. C. it makes better theoretical sense that the income effect would dominate. D. the price effect tends to dominate labor-supply decisions in the real world.