Transfer payments are:
a. cash given by firms to shareholders.
b. a major source of income for the labor force.
c. cash transfers like welfare benefits and social security.
d. not a significant part of public policy.
c
You might also like to view...
The market line must
a. pass through the risk-free asset. b. be linear. c. be tangent to the efficient set. d. all of the above.
If your firm's production function has constant returns to scale, and if you double all your inputs, then your firm's productivity will
a. not change. b. increase but not double. c. double. d. more than double.
An approach that can be taken by someone directly involved in a transaction to solve the problems caused by information asymmetry is:
A. mandating that information be shared. B. racial discrimination. C. proofing. D. screening.
The effect of a change in taxes is less than the same sized change in government purchases because...
What will be an ideal response?