An example of a transfer payment is
A. old-age pensions.
B. a private firm's payments of dividends to stockholders.
C. military expenditures.
D. military aid to another country.
A. old-age pensions.
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When Electronic Arts, the company behind the games Zuma and Plants vs
Zombies, sold stock to the public for the first time in September 1989, funds were being raised in a ________ market, and when those newly issued shares are resold to other buyers, the sales take place in a ________ market. A) primary; primary B) secondary; secondary C) primary; secondary D) secondary; primary
If producers who hire labor in a competitive labor market decide to purchase the new automated machine that completes the work of 30 employees, we would expect the labor-demand curve to shift to the:
A. left and wages would rise. B. left and wages would decrease. C. right and wages would rise. D. right and wages would decrease.
Which of the following is a normative statement?
a. A decrease in price leads to an increase in quantity consumed. b. Incomes grow more rapidly in high-tax states than low-tax states. c. People would be better off if government expenditures were higher. d. People will buy less butter at $1.50 per pound than they will at $1 per pound.
China has used its current account surplus to:
A. buy stocks on the New York Stock Exchange. B. make loans to foreigners. C. buy U.S. government and agency securities. D. buy German government and agency securities.