As welfare rolls declined during the late 1990s and early 2000s,
a. states with aggressive work requirements found that their federal grants also declined
b. states with aggressive work requirements were rewarded with larger federal grants
c. few welfare recipients were able to find jobs
d. there was a significant increase in welfare spending per recipient
e. states cut back on their provision of services such as job placement and child care
D
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A reason tariffs and quotas are imposed is that
A) their costs are spread among many people and their benefits are concentrated. B) their costs are concentrated and their benefits are spread among many people. C) they create net benefits in the long run. D) they reduce import dependence.
Which of the following is NOT a reason social returns might be greater than private returns?
A) Excess competition between firms B) Knowledge spillovers C) Spillovers from research and development D) Capital market imperfections