Government purchases in national income accounts would include payments for:
A. Social Security checks to retirees
B. Salaries for current U.S. military officers
C. Public assistance for welfare recipients
D. Unemployment benefits
B. Salaries for current U.S. military officers
You might also like to view...
Which is not a cause for business cycles considered by macroeconomists?
A) shocks to money supply B) greed C) shocks to technological ability D) variations in optimism
In principle, we can
a. ignore positive statements when choosing among various public policy alternatives. b. ignore normative statements when choosing among various public policy alternatives. c. confirm or refute positive statements by examining evidence. d. confirm or refute normative statements by examining evidence.
In the cost-benefit analysis of public goods, the benefits
A. Can be accurately measured using the market price of the public good. B. Are more easily estimated than the costs. C. Can be only roughly estimated using highly subjective techniques. D. Can be accurately measured by ballot box economics.
If a Mexican pension fund decides to purchase U.S. government bonds, what is the effect in the foreign-exchange market?
A. It will increase demand for U.S. dollars. B. It will decrease demand for U.S. dollars. C. It will increase supply of U.S. dollars. D. It will decrease supply of U.S. dollars.