Answer:
d. a way to increase the number of assistance recipients.
Explanation:
PRWORA policies are updated for welfare receipt. The job is state supported and its costly to administer. The work requirement became a way to increase the number of existing assistance recipients.
Answer:
C
Explanation:
This is an example of an externality, because the very existence of the building affects the cash flow for any new project that Rowell might consider.
Answer: i. €0.11
ii. €1.08
Explanation:
i. If we get 1 krona for every $0.13 then how many krona do we get per dollar?
= 1/0.13
= 7.69 Krona is to $1
If $1 is 7.69 Krona and $1 is also €0.85 then that means that,
€ 0.85 = 7.69 Krona
So for each Krona exchanged, we get how many Euro,
= 0.85/7.69
= 0.11
For each Krona exchanged, we get €0.11
ii. Following the example of the first question,
if £1 is to $1.12 then how many pounds are a dollar?
= 1/1.12
= 0.89
£0.89 is equal to a dollar.
if €1 is to $1.04 then how many euros are a dollar?
= 1/1.04
= 0.96
€0.96 are equal to a dollar.
This means that,
£0.89 = €0.96
So for every British Pound exchanged we get how many Euros?
= 0.96/0.89
= 1.078
= €1.08
For every British pound Exchanged, we get €1.08
Answer:
a) resources are limited and efficiency implies that all resources are already in use
Explanation:
If production is efficient, it means that the economy is producing on the production possibility frontier and all resources are in use.
To produce one unit of a good, the economy has to forgo producing one unit of the other good.
I hope my answer helps you.
Answer:
increasing government spending by $4 billion.
Explanation:
A rightward shift of aggregate demand means that aggregate demand is increasing.
When the government increases spending, the effect on aggregate demand is given by ⇒ total change in spending x government spending multiplier
- total change in spending = $4 billion
- government spending multiplier = 1 / MPS = 1 / 0.1 = 10
effect on aggregate demand = $4 billion x 10 = $40 billion
