Which of the following does not appear in GDP as a part of government spending?
A. Maintenance of government buildings.
B. City fireworks displays on the Fourth of July.
C. Clipboards at the Department of Motor Vehicles.
D. Social Security payments.
Answer: D
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While falling prey to the seductive ways of Catwoman, Batman sacrifices the opportunity of protecting Gotham City from a crime spree initiated by the Joker. That foregone opportunity is a(n) ________ cost of (yet again) falling prey to Catwoman
A) monetary B) explicit C) sunk D) implicit
A local public good
A. only benefits members of a particular community. B. gives higher benefits than regular public goods. C. requires unanimous voting. D. has become an integral part of the federal government.
The Compagnie Naturelle sells mounted butterflies, using butterfly bait it buys from another firm for $20,000. It pays its workers $35,000, pays $1000 in taxes, and has profits of $3000. What is its value added?
A) $3000 B) $19,000 C) $39,000 D) $59,000
Temporary Assistance to Needy Families:
A. is more redistributive in nature than social insurance. B. is a conditional cash transfer program. C. is provided long term to help people in chronic poverty. D. is an "unconditional" cash-transfer program