Government transfer payments include which of the following?
A) grants to state and local governments B) interest on the national debt
C) Social Security and Medicare programs D) national defense
C
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Explain why tariffs are a primary revenue source for less-developed countries but not for developed countries
What will be an ideal response?
Kim runs a sandwich joint that has a fixed cost of $1,000 . She has employed 3 workers and pays $100 per day to each worker. She sells 420 sandwiches per day at a price of $3.40 per sandwich. The average fixed cost incurred in the production of sandwiches is equal to:
a. $2.38. b. $3.09. c. $1.48. d. $0.88.
The marginal product of labor is the extra amount of output a firm can generate by adding one more hour of labor (or one more worker).
Answer the following statement true (T) or false (F)
What is the difference between legal and illegal immigration?
What will be an ideal response?