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A major difference between social insurance and welfare is that social insurance: ?
A. exclusively involves older Americans whereas welfare is confined mainly to mothers with young children.? B. forces recipients to demonstrate need while welfare does not.? C. is normally financed by earmarked payroll taxes while welfare is financed out of general tax revenues.? D. provides cash transfers while welfare does not.
Which of the following is not a social insurance program? ? A. TANF? B. Medicaid? C. Supplemental Security Income? D. unemployment compensation
Statistical discrimination: A. can persist in the long run if differences in average characteristics among groups continue.? B. will tend to diminish in the long run, because nondiscriminating firms will drive out discriminating firms.? C. requires that employers have discrimination coefficients greater than zero.? D. is also known as occupational segregation
The crowding model of discrimination suggests that: ? A. women and selected minorities are systematically excluded from high-paying occupations and crowded into low-paying occupations, decreasing their wages and reducing domestic output.? B. employers having high discrimination coefficients will be crowded out by nondiscriminating employers in the long run. C. firms will base hiring decisions on group averages, rather than on individual characteristics and productivity.? D. occupational segregation is largely the result of freely made rational choices of women and minorities.
Discrimination creates a: ? A. redistribution of a larger domestic output.? B. larger domestic output but no redistribution.? C. smaller domestic output but no redistribution.? D. redistribution of a smaller domestic output.
If the newer equipment is purchased, it will have end-of-year O&M costs of $8,000 and a salvage value of $20,000 at that time. If the old equipment is retained, it will have to be supplemented in years 3, 4, and 5 by leasing a hi-def add-on unit c..
Plot the levels and first differences of lnrgdp and lnrstockval and briefly comment on the graphs and obtain and comment on the variance decompositions for 24 periods ahead based on the original ordering of the variables.
Dr. Izobel Stevens is physician at the Westbury HMO, a New York City based medical facility serving the poor and indigent. Stevens is estimating the cost effectiveness of a preventive maintenance event,
Tennessee just instituted a state lottery. The initial jackpot is $100,000. If the first week yields no winners, the next week's jackpot goes up, depending on the numbers of previous players who placed the lottery bets
If a random variable X is distributed chi square with n degrees of freedom then the expected value of X is n. Show that this is true.
What is the four-firm concentration ratio for this industry? ___74%_ b) What is the eight-firm concentration ratio for this industry? _____98% Suppose that the distribution of sales within an industry is as shown in the table.
Describe the fundamental difference between short-run analysis and long-run analysis of the cost structure of a firm and give at least two examples of industries that practice price discrimination, and describe their pricing practices.
Estimate simple linear regression models for both the raw data and the logs, estimating both the intercept and the slope.
What is the annual compounding interest charged? Using the compounding annual interest rate from above, what is the nominal, period interest rate and corresponding effective interest rate if compounding is hourly? Assume 30 days per month.
Explain a possible cause for the change in Ns 4. Estimate the elasticity of demand for B&B professionals in the macroeconomy (calculation and explanation) 5. Graph the two equilibrium conditions 2 X-intercept for Ns; Y-intercept and X-intercept for N..
Suppose that individual demand for a product is given by QD = 8000 - 10P. Marginal revenue is MR = 800 - 0.2Q, and marginal cost is constant at $20. There are no fixed costs. The firm is considering a quantity discount. The first 300 units can be ..
The EPA tests vehicles for gasoline mileage under stringent testing conditions. The testing for a particular make and model of mid-sized SUV involved 35 vehicles submitted by the manufacturer. Assume the vehicles submitted for testing constitute a..
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