List the five categories of federal government expenditures
What will be an ideal response?
1. Defense spending
2. Transfer payments
3. Grants to state and local governments
4. Interest payments
5. Other expenditures
You might also like to view...
Which of the following is not true in the long-run?
a. There are no variable costs. b. There are no fixed costs. c. Total costs equal variable costs. d. Identical firms will make zero profits.
Which of the following is most likely to reduce an individual's current spending?
A) Paying back a loan in the future B) Depositing money in a bank today C) Borrowing money today D) Withdrawing money in the future
The price elasticity of supply increases as firms have more time to adjust
Indicate whether the statement is true or false
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4Refer to Figure 2.4. The economy moves from Point E to Point B. This could be explained by
A. a change in society's preferences for hybrid cars versus motorcycles. B. an increase in economic growth. C. an increase in unemployment. D. a reduction in unemployment.