Legislated federal government payments that anyone who qualifies can receive are called
A. balanced expenditures.
B. controllable expenditures.
C. entitlements.
D. a fiscal stabilizer.
Answer: C
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The burden of a site value tax will be borne entirely by the site owner _____
a. because the demand for land is elastic b. when the site owner is forced to remit the tax c. because the supply of land is completely inelastic d. when the supply of land is unitary elastic
A good that provides external benefits to society has:
a. too few resources devoted to its production. b. too many resources devoted to its production. c. the optimal resources devoted to its production. d. not provided profits to producers of the good.
Which of the following represents the best example of a price ceiling?
a. a ration coupon b. the price of caviar c. parity pricing d. rent control e. a soil bank program
Which of the following groups is most likely to derive substantial benefits from the Patient Protection and Affordable Care Act?
a. Healthy young people. b. Individuals and families with incomes of more than 400 percent of the poverty level. c. Individuals with pre-existing health problems. d. The elderly.