Payments for unemployment benefits sent to unemployed people are considered government purchases.
Answer the following statement true (T) or false (F)
False
Income transfers, not government purchases, are payments to individuals for which no current goods or services are exchanged, such as Social Security, welfare, and unemployment benefits.
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The above figure shows the production possibility frontier for an economy. The point or points that are not attainable are
A) points B and C. B) points A, B, and C. C) point E. D) points A, B, C, and D. E) points A and D.
The reserve requirement is 0.20. What is the simple deposit multiplier?
A) 1 B) 5 C) 0.10 D) 100
When a profit-maximizing firm in a competitive price-searcher market is in long-run equilibrium, price equals
a. marginal cost, and profits are positive. b. average total cost, and profits are zero. c. marginal cost, and profits are zero. d. average total cost, and profits are positive.
How does the imposition of an excise tax on a good affect its market equilibrium?
A. Equilibrium quantity increases, and equilibrium price decreases. B. Equilibrium quantity decreases, and equilibrium price increases. C. Equilibrium quantity decreases, and equilibrium price decreases. D. Equilibrium quantity increases, and equilibrium price increases.