"Transfer payments" may be thought of as
A. taxes in reverse.
B. wages and salaries.
C. expenditures on products.
D. purchases of services.
Answer: A
You might also like to view...
Which of the following is NOT a macroeconomic statement?
A) The U.S. inflation rate was two percent in 2016. B) The price of cell phones decreased by 18 percent last year. C) Gross domestic product in Peru increased 4 percent from 2015 to 2016. D) Aggregate worker productivity decreased by three percent in 2016.
Explicit provisions in a loan agreement that prohibit the borrower from engaging in certain activities is called:
A) credit rationing B) restrictive covenants C) credit-risk analysis D) adverse selection
A firm can choose a quantity of output, and the price is then determined by
a. the government. b. the supply schedule. c. consumers' demand. d. the average cost.
The balance of payments is
A. the value of merchandise goods bought and sold in the world market. B. the value of goods and services bought and sold in the world market. C. a summary record of a country's economic transactions with foreign residents and governments. D. a summary record of a country's purchases and sales of goods and services in the world market.