Which of the following is a transfer payment?
a. Work-study students receive wages transferred from the university budget.
b. A company pays the moving expenses for a transferred employee.
c. A student transfers to another college and receives a tuition rebate.
d. A student receives a tuition grant from the federal government.
d
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Suppose that the free market exchange rate for the dollar is 115 yen, but the U.S. and Japanese governments want it to be 120 yen/dollar. What can the governments do? Illustrate your answer with a graph
What will be an ideal response?
Larry was accepted at three different graduate schools, and must choose one. Elite U costs $50,000 per year and did not offer Larry any financial aid. Larry values attending Elite U at $60,000 per year. State College costs $30,000 per year, and offered Larry an annual $10,000 scholarship. Larry values attending State College at $40,000 per year. NoName U costs $20,000 per year, and offered Larry a full $20,000 annual scholarship. Larry values attending NoName at $15,000 per year. Larry's opportunity cost of attending Elite U is:
A. $70,000 B. $20,000 C. $15,000 D. $50,000
Which of the following would not shift the aggregate supply curve?
A. An increase in labor productivity. B. A decline in the price of imported oil. C. A decline in business taxes. D. An increase in the price level.
China exports toys to the United States; in a closed economy China must have a domestic price that is ________ the world price of toys.
A. greater than B. less than C. equal to D. close to