Which of the Following Social Programs Is Paid Out to All

question 28

Multiple Choice

Which of the following social programs is paid out to all qualifying persons,regardless of income? 

• A) The Supplemental Nutrition Assistance Program (SNAP) 
• B) Medicaid 
• C) Medicare 
• D) The Children's Health Insurance Program (CHIP) 
• E) Food stamps

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Definitions:

Marginal Revenue

The additional income gained from selling one more unit of a product or service.

Monopolist's Demand Curve

The demand curve faced by a monopolist, which is the same as the market demand curve, indicating that the monopolist can set the price only by choosing the quantity to produce.

Elastic

Describes a situation in which the demand or supply for a product changes significantly when its price changes.

Barriers

Obstacles that prevent or hinder entry into a market or the pursuit of certain activities, which can be economic, legal, technical, or natural in nature.