Transfer payments are subtracted from national income to get to personal income
Indicate whether the statement is true or false
FALSE
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The government budget constraint tells us that to the extent that government expenditures are NOT financed by tax collection, the public ends up holding ________ government bonds and ________ money
A) more, more B) more, less C) fewer, more D) fewer, less
The United States dollar has NOT been officially convertible to gold by international traders since
A. 1930. B. 1971. C. 1995. D. 1944.
In the figure above, with no government involvement and if the colleges are competitive, what is the tuition?
A) $10,000 per year B) $14,000 per year C) $8,000 per year D) $16,000 per year
Whenever a former governor is elected president, the unemployment rate decreases; whenever a former congressman is elected president, the inflation rate increases. This statement is an example of
A. fallacy of logic. B. post hoc, ergo propter hoc fallacy. C. fallacy of inductive reasoning. D. ceteris paribus fallacy.