Which of the following statements is TRUE?
A. Government spending as a percent of total national income has continuously decreased since the 1950s.
B. Transfers in kind include Welfare, Social Security, and unemployment insurance benefits.
C. Education is the largest category of federal government expenditures.
D. Transfer payments are money payments made by the government for which no goods or services are currently received.
Answer: D
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Uber has come under criticism for its surge pricing because consumers see it as
A) equally fair for firms to raise prices after an increase in costs and as a result of an increase in demand. B) completely unfair for firms to raise prices after an increase in costs or as a result of an increase in demand. C) more fair for firms to raise prices after an increase in costs than as a result of an increase in demand. D) more fair for firms to raise prices after an increase in demand than as a result of an increase in costs.
Between 1994 and 2000 the poverty rate ____ and the number of people on welfare ______.
A. declined; declined B. rose; rose C. rose; declined D. declined; rose
A discretionary fiscal policy is a fiscal policy that...
What will be an ideal response?
When the economy is operating at the equilibrium level of GDP, we know that
A. planned real investment spending equals real net exports of zero. B. total planned real consumption expenditures equal real GDP. C. real net exports equal inventory changes. D. total planned real expenditures equal real GDP.