Which of the following is an example of a transfer payment?
A. Your grandma buys you a new watch for graduation.
B. A military contractor pays to move its employee from the East Coast to the West Coast.
C. The county office gives its low-income residents food stamps.
D. The government floats bonds for a new highway.
Answer: C
You might also like to view...
An economy can improve its standard of living by
A) reducing the amount of human capital workers have. B) increasing the amount of capital available per hour worked. C) organizing production so that the quantity of goods produced per hour will decrease. D) all of the above
Assume an individual is considering opening a new car dealership in a medium-sized metropolitan area (population = 200,000 )
Provide a list of economic variables you would recommend that the person consider in making his decision whether to open the business, and explain your rationale for including each variable.
Medicare covers all those
A. who are both young and poor. B. unable to pay its premiums. C. over 65. D. eligible for Social Security benefits.
Demand for Snickers bars will decrease if:
A. the price of Milky Way bars (a substitute) decreases. B. the price of Snickers bars decreases. C. a news story claiming 95% of all geniuses eat at least one Snickers bar a day is released. D. the price of Milky Way bars (a substitute) increases.