Government spending on a transfer payment is illustrated by
a. interstate highways
b. elementary and high school education
c. community colleges
d. land-grant universities
e. agricultural subsidies
E
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In the United States
a. only those who have made previous contributions to the program are entitled to receive the benefits of social insurance programs b. anyone with children is entitled to receive the benefits of social insurance programs c. anyone over 65 is eligible to receive the benefits of social insurance programs d. all taxpayers are eligible to receive the benefits of social insurance programs e. all poor families with children are eligible to receive the benefits of social insurance programs
The difference(s) between NAFTA and the EEC is (are)
a. that the EEC is a free trade area while NAFTA is a customs union b. that NAFTA is a free trade area while the EEC is a customs union c. that both NAFTA and EEC are custom unions, but the EEC is in Europe while NAFTA is in North America d. that both NAFTA and EEC are free trade areas, but the EEC is in Europe while NAFTA is in North America e. that NAFTA countries place no tariffs on trade while the EEC countries do
If a developing economy ________ the amount of money its citizens can invest abroad, it has ________ chance of increasing capital formation by forcing its citizens to invest in their own country.
A. restricts; a lesser B. increases; a greater C. restricts; a greater D. restricts; no
Diversification in one's investments reduces:
A. Idiosyncratic risk B. Pooling risk C. Systemic risk D. Time preference risk