Which of the following is a government expenditure, but is NOT a government purchase?
a. The federal government buys a Humvee.
b. The federal government pays the salary of an FBI agent.
c. The federal government pays out an unemployment insurance claim.
d. The federal government pays to support research on Aids.
c. The federal government pays out an unemployment insurance claim.
You might also like to view...
Hershey Chocolate Factory pays a money wage rate equal to $30 per hour and sells its candy bars for $1.50 each. Hershey Chocolate Factory should hire labor until an additional unit of labor produces ________ candy bars an hour
A) 30 B) 20 C) 1.5 D) 45 E) 10
Assuming an inflationary gap exists, classical economists believe that flexible wages will restore full employment
a. True b. False Indicate whether the statement is true or false
Which of the following items is funded by both the federal and state governments?
a. Medicare b. Medicaid c. Social Security d. Supplemental Security Income
The profit-maximizing level of output and the profit-maximizing price for an oligopolist cannot be calculated when we don't know
A) what the concentration ratio for the oligopolist's industry is. B) what the minimum efficient scale in the oligopolist's industry is. C) the demand curve and the marginal revenue curve of the oligopolist. D) the type of barrier to entry that exists in the oligopolist's industry.