The $1,000 you earned last year on your money market fund is an example of
A. property income.
B. inheritance income.
C. human capital income.
D. transfer income.
Answer: A
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Under a k-percent rule, if the economy goes into expansion, the Fed would
A) increase the quantity of money. B) raise the federal funds rate. C) lower tax rates to keep revenue constant. D) lower the federal funds rate. E) None of the above answers is correct.
Which of the following federal government expenditures is the largest burden on the budget?
A. social security B. medicare and medicaid C. defense D. interest on national debt
A profitable business will attract
A. increases in marginal revenue. B. existing businesses. C. government regulation. D. new competitors.
In the balance of payments, any transaction that leads to a receipt by a resident of a country or its government is a(n)
A. deficit item. B. asset. C. minus item. D. surplus item.