Transfer payments are:
A. spending that transfers resources from the government to individuals.
B. payments that individuals make to the government.
C. when individuals transfer stock ownership in lieu of payment with cash or other liquid assets.
D. when individuals transfer cash for payments of a good or service.
A. spending that transfers resources from the government to individuals.
You might also like to view...
If the price of a product rises, consumers buy less of the good because the:
A. MU/P of the good falls below the MU/P of other goods. B. MU/P of the good rises above the MU/P of other goods. C. marginal utility of the good rises. D. total utility of the good diminishes.
The subject of borrowing by the U.S. from its citizens and from other countries, has resulted in one of the fiercest policy debates in recent years
a. True b. False Indicate whether the statement is true or false
The worst post–World War II recession in the United States occurred in
A. 1964 B. 1973 C. 1981 D. 2007
Use the above figure. The consumer's choice changes from YB to YA. Which of the following statements is TRUE?
A. This change in the consumer's choice results from an increase in the consumer's income. B. This change in the consumer's choice results from a fall in the price of good X. C. This change in the consumer's choice results from a rise in the price of good X. D. This change in the consumer's choice results from a rise in the price of good Y.