Payments that users (consumers) are required to make if they want to receive certain services provided by the government are called
a. tax deductions.
b. transfer payments.
c. user charges.
d. sales taxes.
C
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When the payoff you receive depends only on what you choose, but not on what your opponent chooses, mutual interdependence is said to exist
Indicate whether the statement is true or false
In the loanable funds market, the supply comes from
A) saving, the government budget surplus and international borrowing. B) only saving and the government budget surplus. C) only saving. D) only the government budget surplus and international borrowing.
Nancy owns and operates a drug store that generates total revenues worth $30 million in a particular year. Her accounting costs for the year are $25 million. She could have earned $3 million in this year, if she had worked as a consultant for a pharmaceutical firm. Further, she could have earned 5 percent interest on $40 million of her own money that she invests in the business this year. Nancy's
accounting profit in this year is _____ and her economic profit is _____. a. $5 million; zero b. $5 million; $3 million c. $5 million; $8 million d. zero; $3 million e. $3 million; $43 million
When interest rates in the U.S. increase, we can expect NCO to:
A. decrease, because capital inflow is increasing. B. increase, because capital inflow is increasing. C. decrease, because capital outflow is increasing. D. increase, because capital outflow is increasing.