A new law applied to a competitive market that requires laid off workers be paid a large severance payment will
A) not generate a deadweight loss.
B) increase total welfare.
C) increase consumer surplus in the market.
D) decrease consumer surplus in the market.
D
Economics
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Which of the following is a social insurance program?
a. Medicaid b. Food stamps c. Social Security d. Temporary Assistance for Needy Families e. FDIC
Economics
Which of the following factors is not a major cause of long-term economic growth?
a. Government-defined property rights for individuals b. A stable, fair, and predictable political environment c. Expansionary fiscal policy (i.e., lower taxes and higher government spending) d. Competitive markets e. Free movement of goods, services, capital, and labor
Economics