The largest item of government expenditure is...
What will be an ideal response?What will be an ideal response?
transfer payments
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One benefit to private sector production of a collective consumption good is _____
a. it overcomes the free riding problem b. private producers can often bundle the good with something else people value c. profits from private companies can be taxed d. provides information valuable in allocating future resources
Consumption spending is part of __________ and the largest component of consumption spending is for ____________
a. GDP; services b. national income; durable goods c. national income; nondurable goods d. GDP; housing e. GDP; food
The economic way of thinking will help you
A) make decisions in financing your home. B) analyze solutions to economic problems. C) make better decisions concerning your education. D) all of the above
Answer the following statement(s) true (T) or false (F)
1. The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), or Superfund, was the first legislative act aimed at hazardous waste sites in the United States. 2. The Superfund Amendments and Reauthorization Act (SARA) maintained the “Superfund” at its original level of $1.6 billion. 3. The Brownfields Act was passed during the Obama administration and deals with abandoned properties whose redevelopment is compromised by contamination. 4. Removal actions are long-term official responses to the release of a hazardous substance aimed at achieving a more permanent solution. 5. Hazardous waste sites posing the greatest threat to health and the ecology are placed on the National Priorities List (NPL).