Social Security is an example of
a. a transfer payment
b. a Federal Reserve mandate
c. a block grant
d. private insurance
e. debt interest
A
You might also like to view...
A group of firms, operating in collusion, incur costs of production of $15 per unit. The price that currently maximizes their profit is $19 . Knowing that potential competitors could enter the market with production costs of $17 per unit, what price are the colluders likely to charge? Why?
AD excess is the amount of additional aggregate demand needed to achieve full employment after allowing for price level changes.
Answer the following statement true (T) or false (F)
Agricultural support and rural development programs account for nearly half of the EU budget
Indicate whether the statement is true or false
Suppose that you open your own business and earn an accounting profit of $35,000 per year. When you started your business, you left a job that paid you a $30,000 salary annually. Also, suppose that you invested $70,000 of your own funds to start up your
business. If the normal rate of return on capital is 10 percent, your economic profit is A) $5,000. B) -$5,000. C) $2,000. D) -$2,000.