Which of the following statements about transfer payments is true?
a. Transfer payments are not included in total government expenditures.
b. Transfer payments involve the international remittance of funds.
c. Transfer payments refer to the transfer of money by the commercial banks to the people.
d. Transfer payments are made by the government to taxpayers.
e. Transfer payments are made when governments purchase goods and services.
d
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Use the figure above to answer this question. Figure ________ shows a short-run equilibrium in good times because the firm makes a(n) ________
A) A; economic profit B) A; normal profit C) B; normal profit D) B; economic loss E) C; normal profit
All else constant, if the use of historic costs understates the opportunity costs associated with using a particular piece of capital, accounting profit will be understated
Indicate whether the statement is true or false
Population density varies little between the 50 states.
Answer the following statement true (T) or false (F)
What lessons from Latin American capital-market crises might have been useful to prevent, or at least minimize, the East Asian crisis?
What will be an ideal response?