Transfer payments provide benefits to
a. all those in need
b. those who have paid into governmental funds through their workplace
c. those who are eligible recipients
d. those who provide some service to the government
e. anyone transferring from one stage of their life to another
C
You might also like to view...
When an economy is experiencing a negative output gap, it means that the:
A. actual output is less than their potential output. B. actual output is more than their potential output. C. price level is rising. D. price level is falling.
?Which of the following options could be used to eliminate a recessionary gap?
A. Decrease government spending B. ?Decrease consumption C. Decrease investment D. ?Decrease taxes
Sarah gets a salary increase of 20 percent. Before her raise, she purchased 5 pounds of hamburger and 1 pound of beef stew a month. After her raise, she consumes 2 pounds of hamburger and 3 pounds of beef stew a month. If everything else is held constant, we know that
A) hamburger is an inferior good and beef stew is a normal good for Sarah.
B) hamburger is a normal good and beef stew is an inferior good for Sarah.
C) both hamburger and beef stew are normal goods for Sarah.
D) both hamburger and beef stew are inferior goods for Sarah.
?If marginal cost is less than average total cost, then:
a. ?average variable cost must equal average total cost. b. ?average total cost must be increasing. c. ?average variable cost must be decreasing. d. ?marginal cost must be falling. e. ?average variable cost may be increasing or decreasing.