Which of the following is an example of a transfer payment?
a. purchase of a producer good
b. purchase of a service
c. fixed investment
d. farm subsidy
d. farm subsidy
Economics
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Given the proportion of a consumer’s income spent on various goods, the demand for is likely to be the most price inelastic.
Economics
During World War II, _______ percent of the United States' output was devoted to the war effort.
Fill in the blank(s) with the appropriate word(s).
Economics
If real equilibrium GDP is above potential GDP, expansionary fiscal policy should be pursued
Indicate whether the statement is true or false
Economics
The gold standard is a type of
A) fixed exchange rate system. B) flexible exchange rate system. C) floating exchange rate system. D) managed exchange rate system.
Economics