Cash payments made by the government directly to households are
A. transfer payments.
B. compensating differential payments.
C. national income payments.
D. dividends.
Answer: A
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Which of the following would cause an upward movement along the supply curve of hamburgers?
a. A fall in the price of substitutes like pizzas b. A fall in market demand for hamburgers c. An increase in the price of beef d. An increase in the market price of hamburgers
"The problem of getting people to buy car insurance is best solved by the market." This belief belongs to which type of economist?
A. Behavioral B. Traditional C. Keynesian D. Modern
Excess burden calculations typically assume many other distortions.
A. True B. False C. Uncertain
In the long run, a monopolistic competitor
A) sets MR = MC. B) produces where P = AC. C) sets P > MC. D) All of the above.