A transfer payment is
a. income that is received but not earned
b. income that is earned but not received
c. included in GDP to account for the spending on capital depreciation
d. part of personal disposable income but not personal income
e. always equal to the taxes that the government collects
A
You might also like to view...
Which of the following events will help to burst an asset price bubble?
A) Speculative demand for the asset quickly declines. B) Speculative demand for the asset quickly increases. C) New information leads buyers to doubt that prices will continue to increase in the future. D) A and C are correct
If a firm is a union shop, then
A) a worker may elect to either join or not join the union. B) only workers who have been union members for two years may be employed. C) only union members may be employed by the firm. D) a non-union worker may be hired but must join the union within a certain time period.
Appendix: When two or more "independent" variables are highly correlated, then we have:
a. the identification problem b. multicollinearity c. autocorrelation d. heteroscedasticity e. complementary products
The analysis that the costs of building a dam are higher than the benefits is an example of normative analysis
a. True b. False Indicate whether the statement is true or false