How might the existence of federally funded programs for the poor reduce the amount of charitable giving?
What will be an ideal response?
The very existence of federally funded programs for the poor may reduce charitable giving because taxpayers may rightly judge that they have already "given" in the form of their taxes. In other words taxpayer might take this into account before figuring out how much to give to private charities.
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Refer to Figure 4.5. If you know that at least 8 students will choose Solid, you should choose
A) Solid. B) Dash. C) either Solid or Dash, as your payout will be the same either way. D) You need to know what the 9th student will choose before you will know your best choice.
If one U.S. dollar could be exchanged for one Australian dollar in 1970, and one U.S. dollar can now be exchanged for 0.98 Australian dollars, which of the following is true?
A) The U.S. dollar gained value against the Australian dollar. B) The Australian dollar lost value against the U.S. dollar. C) The Australian dollar gained value against the U.S. dollar. D) Both A and C are true.