The largest U.S. welfare program is

The largest U.S. welfare program is
 a. Aid to Families with Dependent Children
  b. Medicaid
  c. Social Security
  d. unemployment compensation
  e. food stamps

QUESTION 2

A college dean has a __________ opportunity cost of __________ than a college student working in a minimum-wage job.
 a. lower; leisure
  b. lower; nonmarket work
  c. lower; market work
  d. higher; nonmarket work
  e. higher; market work

QUESTION 3

Which of the following is not a form of social insurance?
 a. Social Security
  b. Temporary Assistance for Needy Families
  c. Medicare
  d. unemployment insurance
  e. workers' compensation

QUESTION 4

People who can earn higher market wages
 a. have a greater net utility associated with nonmarket work
  b. supply more hours to market work than people with lower wages
  c. are less likely to perform nonmarket work
  d. are more likely to view leisure as an inferior good
  e. experience less disutility associated with market work

QUESTION 5

Food stamps and Medicaid are examples of
 a. money transfers
  b. resource earnings
  c. in-kind transfers
  d. tax expenditures
  e. capital gains

QUESTION 6

People who are more productive in market work
 a. produce less for themselves
  b. spend more time engaged in nonmarket work
  c. work fewer hours in market work and enjoy more leisure
  d. are more likely to acquire skills and education through nonmarket work
  e. are attracted to market employment at lower wages