Revenues flowing to the government from government-run or government-sponsored businesses, such as public utilities and state lotteries, are known as:
A. proprietary income.
B. transfer payments.
C. tax revenue.
D. subsidies.
Answer: A
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An increase in the price level causes an increase in money demand because
a. people need more money to purchase the same level of goods and services. b. changes in the price level have no effect on money demand. c. people have unlimited wants. d. people need less money to purchase the same level of goods and services.
International capital mobility refers to
A) the ease with which manufacturing equipment can be transported across countries. B) the ease with cash may be transferred from one country to another without having to be converted into a foreign currency. C) the ease with which investors move funds among international financial markets. D) the ease with which exchange rates may be adjusted to reflect changes in the relative economic strengths of countries.
Which of the following is not an example of a capital good?
a. a pencil sharpener in an office b. an oven in a pizza restaurant c. a sawing machine at a local lumber yard d. a computer in a business e. a teacher's ability to speak two languages
Imposing a restrictive quota on imported plasma TVs will likely
a. increase the price of the plasma TVs and decrease the quantity consumed. b. increase both the price of the plasma TVs and the quantity consumed. c. leave the price of the plasma TVs unchanged but decrease the quantity consumed. d. leave the price and the quantity consumed of plasma TVs unchanged, because domestic producers will expand production to make up for the reduction in imports