Payments by the government to the public for which the government receives no current goods or services in return are called:

A. transfer payments.
B. net taxes.
C. public saving.
D. capital losses.


Answer: A

Economics

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If steel workers obtain a substantial wage increase, employment in the steel industry will be most likely to fall if

a. the demand curve for steel is highly inelastic. b. the demand curve for steel is highly elastic. c. the demand curve for steel workers is highly inelastic. d. there are no good substitutes for steel.

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Which of the following is likely the best explanation for the state of California's requirement that brake lamp adjusters must be licensed?

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Economics