Cash distributions made by government to individuals when no good or service is received in exchange are known as __________.
a. poverty payments
b. taxes
c. transfer payments
c. transfer payments
You might also like to view...
Assume that Jane has limited wealth to invest in two assets both of which promise her returns worth $3,000 after two years. The first is a bank deposit assuring an interest of 10 percent per annum and the second is a private bond with an interest rate of 8 percent per annum. Which of the two would require a low initial investment and of what amount?
a. The bond requiring an initial investment worth $2,564 . b. The bank deposit requiring an initial investment worth $2,479. c. The bond requiring an initial investment worth $2,479. d. The bank deposit requiring an initial investment worth $2,564.
Suppose the economy is in long-run equilibrium. If there is an increase in government purchases at the same time there is a large increase in the price of oil, then in the short-run
a. real GDP will rise and the price level might rise, fall, or stay the same. b. real GDP will fall and the price level might rise, fall, or stay the same. c. the price level will rise, and real GDP might rise, fall, or stay the same. d. the price level will fall, and real GDP might rise, fall, or stay the same.
How can the Fed increase the level of output for the economy through open market operations?
What will be an ideal response?
Regulation of business, according to the legal cartel theory, stems from:
A. The public wanting protection from potentially capricious firms B. Economists who see greater efficiency in regulated industries C. Lawyers whose jobs are more secure in cartels D. Firms wanting to be regulated in order to shut off competition