Income transfers that entail direct payments to recipients, such as unemployment benefits, are known as
A. Cash transfers.
B. Money transfers.
C. Dollar transfers.
D. In-kind transfers.
Answer: A
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The primary problem with entitlements, from a budgetary perspective, is that _____
a. expenditures are much harder to control than for non-entitlements b. they add to the uncertainty of the budgetary process because it is difficult to predict how many individuals will be eligible c. it is impossible to control spending on entitlements once created d. a and b e. all of the above
Between 1820 and 1860, in the U.S.,
a. real wages rose. b. unskilled workers' earnings fell relative to skilled workers' earnings. c. fertility rates fell. d. the number of self-employed workers fell. e. All of the above.
The manufacturer of Beanie Baby dolls used quarterly price data for 2005 I - 2013 IV (t = 1, ..., 36) and the regression equationPt = a + bt + c1D1t + c2D2t + c3D3tto forecast doll prices in the year 2014. Pt is the quarterly price of dolls, and D1t, D2t, and D3t are dummy variables for quarters I, II, and III, respectively. 
At the 2 percent level of statistical significance, the results indicate that price in the ________ quarter is significantly lower than in any other quarter.
A. 1st B. 2nd C. 3rd D. 4th
When one country can produce a product at a lower cost in terms of other goods, that country is said to have
A. a productive advantage. B. an absolute advantage. C. a comparative advantage. D. an unfair advantage.