All of the following are governmental efforts to decrease poverty EXCEPT
A) Supplemental Security Income.
B) the earned income program.
C) transfer payments.
D) tariffs.
Answer: D
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A nonexcludable public good is
A. nonrivalrous in consumption. B. rivalrous in consumption. C. asymmetric. D. a good for which it is impossible (or prohibitively costly) to exclude someone from receiving the benefits of its services. E. a and d
The difference between interest income or receipts earned on investments in the rest of the world by the residents of a given country and the payments to foreigners on investments they have made in a given country is called:
A) unilateral transfers. B) net investment income. C) capital expenditures. D) none of the above.
Proponents of Fed independence maintain that
a. independence helps ensure low unemployment rates. b. money is too important to be left to the bankers. c. independence permits objective decisions not based on politics. d. only the Federal Reserve knows how to act wisely.
(Consider This) Subsidies for mohair production illustrate:
A. why special-interest effects are often characterized by concentrated benefits and diffuse costs. B. why special-interest effects are often characterized by concentrated costs and diffuse benefits. C. that larger groups carry greater political weight than smaller groups. D. the moral hazard problem.