Means-Tested Programs Are Programs That Are Available to

question 32

Multiple Choice

Means-tested programs are programs that are available to

• A) all citizens in the labor force.
• B) all citizens regardless of labor force participation.
• C) citizens whose income or wealth is below a level set by law.
• D) citizens whose income or wealth is above a level set by law.
• E) only to citizens above the age of 65.

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Definitions:

HHI

The Herfindahl-Hirschman Index, a measure of market concentration to assess the competition level among firms.

Identical Firms

Companies that produce the same products or services, have the same production techniques, and face the same costs and market conditions.

Unconcentrated

Describes a market structure with many competitors, none of which have a significant share of the market.

Collude

When two or more firms secretly agree to work together, often to set prices or market shares, in a way that distorts competition.