From the 1950s to the 2010s, transfer payments' share of GDP
A. remained fairly steady.
B. steadily decreased.
C. steadily increased.
D. increased during Democratic administrations and decreased during Republican administrations.
Answer: C
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Fast Prints has a contract with local couriers to deliver their products to customers located throughout the city and it cost Fast Prints $5,000 in legal fees to establish the contracts. Fast Prints charges $25 for each set of 500 copies delivered in the city. What are Fast Prints' transaction costs?
A) $5,025 B) $4,975 C) $25 D) $5,000
The law of demand ensures that a demand curve has a positive slope
a. True b. False Indicate whether the statement is true or false
If the world supply curve is SW1,
A. trade is in balance. B. there is a trade deficit. C. there is no trade. D. there is a trade surplus.
How can one profit through arbitrage if the dollar per euro exchange rate in London is $2 per pound while in New York is $1.95 per pound?
A. Buy pounds in London and sell them in New York B. Buy dollars in London and sell pounds in New York C. Buy dollars in New York and sell them in London D. Buy pounds in New York and sell them in London