An example of a transfer payment is
A) a welfare payment.
B) a paycheck for a member of the National Guard.
C) a purchase of a new bridge in Alaska.
D) a teacher's paycheck.
A
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Define the unemployment rate and labor-force participation rate. Discuss the differences between these two rates
What will be an ideal response?
Consumption spending is $16 million, planned investment spending is $4 million, unplanned investment spending is $2 million, government purchases are $6 million, and net export spending is $1 million. What is aggregate expenditure?
A) $22 million B) $26 million C) $27 million D) $29 million
Pareto's Principle states that:
a. 20 percent of the time expended produces 80 percent of the results b. 90 percent of the time spent produces 10 percent of the results c. 75 percent of time is wasted d. A task or job fills the time available
The aggregate supply curve slopes upward because firms
a. seek to maximize profits and output. b. normally can purchase inputs at fixed prices. c. employ technology, which is always fixed. d. purchase inputs whose prices rise as output rises.