Which of the following is not an example of a transfer payment?
a. Social Security benefits.
b. unemployment compensation.
c. welfare payments.
d. payments for imports.
d. payments for imports.
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For which type of organization is unlimited liability likely to be the greater problem-proprietorships or partnerships? Why?
What will be an ideal response?
Autonomous consumption is NOT influenced by
A. Aggregate household wealth. B. Expectations of future income and wealth. C. Aggregate household debt. D. Disposable income.
To meet its obligations, the federal government must consider four alternatives: ________ income taxes ________ Social Security taxes ________ Social Security benefits ________ federal government discretionary spending
Fill in the blank(s) with the appropriate word(s).
Economic systems differ from one another based on who own the factors of production and:
A. How much resources are available in the economy and where they are located B. Who make decisions regarding what to produce and how it is produced C. What kinds of products are produced in the economy and how plentiful they are D. How big the population is, and the makeup of the population