Which of these is an advantage of money as a store of value?
a. It can generate high interest income
b. It can facilitate hassle-free international exchange.
c. It can be easily liquidated.
d. It can signal a nation's economic health.
e. It can increase potential output.
c
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The basic difference between government spending on public goods and government transfer payments is that spending
a. on public goods reallocates resources between the public and private sectors, while spending on transfer payments does not b. on transfer payments reallocates resources from the private to the public sector, while spending on public goods does not c. on public goods reallocates resources between the public and private sectors, while transfer payments reallocate resources from the public to the private sector d. on public goods reallocates resources between different levels of government spending, while spending on transfer payments reallocates resources from the privatesector to the public sector e. on public goods reallocates resource from the private to the public sector, while spending on transfer payments reallocates resources from the federal government tostate governments
Suppose a state discovered chemical compounds in their water. The source of these chemicals is the waste discharges of industrial plants in another state. This is an example of a(n):
A. market failure where the market price of the output of these industrial plants exceeds the social cost of producing these goods. B. private cost imposed by the industrial plants of another state. C. externality where the marginal social costs of producing these industrial goods differ from the marginal private costs. D. negative externality that could be corrected with a subsidy to the plants discharging the waste.
A Broadway theater sells weekday show tickets at a lower price than for a weekend show. This is an example of:
A. peak-load pricing. B. price discrimination. C. price discrimination or peak-load pricing. D. None of the statements is correct.
When the Social Security Administration holds U.S. Treasury Bonds
A. there is a balanced budget. B. interagency borrowing has occurred and the government owes itself. C. an entitlement has occurred. D. the gross public debt has increased.