Which of the following checks issued by the government represents a transfer payment?
A) The federal government pays a defense contractor for development of a missile system.
B) The federal government pays a retiree her Social Security benefits.
C) The state of Oregon pays a construction firm for its work in repairing a state highway.
D) The state of Illinois pays groundskeepers at the state capitol building their weekly wages.
B
You might also like to view...
The members of a society can assign tasks according to ability and distribute benefits in accordance with need only
A) if the government controls the economy. B) if they have a workable procedure for assessing abilities and needs. C) in a socialist or, more likely, a communist society. D) when there are enough of them to assure competent performance of all necessary tasks. E) when they are committed to equity as well as efficiency.
According to the text, Pepsi has a(n)
A) M-form of organization. B) U-form of organization. C) T-form of organization. D) matrix.
If the government removes a binding price floor from a market, then the price paid by buyers will
a. increase, and the quantity sold in the market will increase. b. increase, and the quantity sold in the market will decrease. c. decrease, and the quantity sold in the market will increase. d. decrease, and the quantity sold in the market will decrease.
________ and ________ are often found together in a market.
A. Monopolistic competition; oligopoly B. Monopoly; oligopoly C. Monopolistic competition; monopoly D. Perfect competition; oligopoly