Medicare is an example of
A. A direct cash transfer payment.
B. Free goods.
C. In-kind income.
D. Personal income.
Answer: C
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In the United States, a collusive agreement to restrict output and increases prices is
A) legal. B) the key tool used by oligopolists. C) illegal. D) the key tool used by monopolistic competitors.
An insecure monopoly will lose more of its profit preventing other firms from entering when:
A. the zero profit quantity is large. B. the minimum entry quantity is small. C. the minimum entry quantity is large. D. the number of potential entrants is large.
In economics, interest refers to all of the following EXCEPT
A. the return paid to the owners of capital. B. the payment for current rather than future command over resources. C. the cost of obtaining credit. D. the return paid to owners of financial institutions.
Refer to the information provided in Figure 25.1 below to answer the question(s) that follow.
Figure 25.1Refer to Figure 25.1. The movement from A to B could be caused by
A. a decrease in nominal income. B. an increase in the price level. C. a decrease in the interest rate. D. an increase in the interest rate.