A distinguishing characteristic of public transfer payments is that:
a. They are used to subsidize the major transportation carriers to reduce transportation costs
b. They are counted as part of government purchases in the calculation of the gross domestic product
c. There is a tax on the amount of the subsidy above a certain income level
d. The recipients make no contribution to current production in return for them
d. The recipients make no contribution to current production in return for them
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According to the 1974 Constitution of the former Yugoslavia, nobody in Yugoslavia owns resources. Being a socialist country, the constitution claimed resources were owned by "society" as a whole
If the constitution were fully enforced, resources would tend to be A) used for the common good. B) used without greed and materialistic interests. C) free from the constraints of scarcity. D) underpriced.
The Sherman Act of 1890 was passed to prohibit
A) combinations, trusts, or conspiracies to restrict interstate or international trade. B) monopolization or attempts to monopolize interstate or international trade. C) both of the above. D) neither of the above.
Investors may be caught by surprise when devaluation occurs, particularly if the government does not disclose its international reserve position in a timely and informative manner
a. True b. False Indicate whether the statement is true or false
Refer to the data provided in Table 11.4 below to answer the following question(s).
Table 11.4 
Refer to Table 11.4. When the interest rate ________, the farmer will engage in no investment.
A. is greater than 10% B. is less than 30% C. is greater than 30% D. is less than 10%