A(n) _____ provides guaranteed benefits for those who qualify under government transfer programs such as Social Security or Medicare
a. entitlement program
b. excise tax
c. continuing resolution
d. biennial budget
e. employment benefits
a
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Explain why a freeway under certain circumstances may not be easily classified as a pure public good
What will be an ideal response?
If the Fed sells more bonds to the public, then the money supply will:
A. Decrease and the aggregate demand curve will shift to the right. B. Increase and the aggregate demand curve will shift to the right. C. Increase and the aggregate demand curve will shift to the left. D. If the Fed sells more bonds to the public, then the money supply will shift to the left.
If the federal government were to run a budget deficit, this would
a. increase the size of the national debt. b. reduce the size of the national debt. c. leave the size of the national debt unchanged. d. increase the national debt only if the government also expands the supply of money.
When a credit card company offers different services with its card, like travel insurance for air travel tickets purchased with the credit card or product insurance for items purchased with the card, the credit card company is trying to:
A. create a barrier to entry for competing firms. B. create a perfectly competitive market in which to sell its credit card. C. differentiate its credit card from those offered by other companies. D. shift the demand curve for competing firms to the right.