Payments to households not in exchange for goods and services currently produced are:

a. transfer payments.
b. government purchases.
c. consumption expenditures.
d. investment expenditures.


a

Economics

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Refer to Cournot Problem. The market price for this good will be

a. $10 b. $40 c. $55 d. $70

Economics

If the price index last year was 1.0 and today it is 1.4, what is the inflation rate over this period?

A) -4% B) 1.4% C) 4% D) 40%

Economics

A political function of government is to

A) encourage the consumption of government-sponsored goods. B) provide public goods. C) correct for externalities. D) encourage the workings of the price system.

Economics

An increase in government spending would shift the

What will be an ideal response?

Economics