Government transfer payments
A. are subtracted from national income to obtain disposable income.
B. can be considered as negative taxes.
C. intervene between national product and disposable income in the same way as taxes.
D. are counted the same as taxes in computing national income.
Answer: B
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Of the following high-income countries, which has the lowest number of MRI units per 1 million population?
A) Canada B) Japan C) the United Kingdom D) the United States
According to the graph shown, if the economy were operating in autarky and then moved to free trade, the overall impact on surplus would be a net:
This graph demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good.
A. gain of FGIJKL.
B. loss of FGIJKL.
C. gain of FGJK.
D. loss of FGJK.
In which of the following U.S. industries is the rate of unionization the highest?
A. Construction. B. Government. C. Transportation. D. Agriculture.
If the nominal exchange rate between the American dollar and the New Zealand dollar is 1.36 New Zealand dollars per American dollar, how many American dollars are required to buy a product that costs 3.50 New Zealand dollars?
A) $2.14 B) $2.24 C) $2.57 D) $4.76