Critics of government frequently assert that special interest groups favor transfer policies rather than economic growth policies
Indicate whether the statement is true or false
True
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When employers discriminate, they: a. may believe that they have sound economic reasons for doing so. b. may pay the price in lost earnings and productivity
c. may subject themselves to civil action. d. may be characterized by all of the above.
Poverty is usually defined by economists in relative terms
a. True b. False Indicate whether the statement is true or false
Suppose a U.S. automaker builds and operates a new factory in Italy. Future production from such an investment will
a. increase Italian GDP more than it increases Italian GNP. b. increase Italian GNP more than it increases Italian GDP. c. have no affect on Italian GNP, but will increase Italian GDP. d. have no affect on either Italian GDP or GNP.
Which of the following is not an example of a transfer payment?
A. social security. B. unemployment benefits. C. workman's compensation. D. sales tax.