1. The major social assistance program in the U.S. is:
a. Social Security.
b. Temporary Assistance to Needy Families(TANF)(previously AFDC)
c. Low Income Public Housing.
d. Supplementary Security Income.
e. Food Stamps.
2. The program that provides funds to single-parent households is called:
a. Temporary Assistance to Needy Families(TANF)
b. Social Security.
c. Medicare.
d. Medicaid.
e. Supplementary Security Income.
3. In a labor contract negotiation, a mediator:
a. Represents the union side.
b. Represents the management side.
c. Represents neither side.
d. Can call a strike.
e. Can force both sides to agree to a contract.
4. Which of the following is considered to be an in-kind transfer payment?
a. Food stamps
b. Social security
c. Worker’s compensation
d. Unemployment compensation
e. Medicare
5. Which of the following is p an inherently entrepreneurial role?
a. Risk taking
b. Innovation
c. Company infrastructure
d. Facility Maintenance
e. Coordination of resources
6. Increased saving today means:
a. More consumption today and tomorrow.
b. Less consumption today and tomorrow.
c. More consumption today and less tomorrow.
d. Less consumption today and potentially more tomorrow.
e. More income today, but the net effect that increased income will have on the composition of consumption vs. saving cannot be determined in advance.