A transfer payment is a payment to a person that is made in return for goods and services supplied
Indicate whether the statement is true or false
False
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If a toy costs 30 yuan in China, how much will it cost in dollars, if the exchange rate is 6 yuan per dollar?
What will be an ideal response?
The profitability of an investment project will increase if
A. tax rates increase. B. real interest rates increase. C. real interest rates decrease. D. business tax deductions decrease.
When the existing firms in a competitive industry have different operating costs:
a. the highest-cost firm in operation breaks even, while the low cost firms will earn profit. b. the highest-cost firm in operation breaks even, while the low cost firms leave the industry. c. the low cost firms earn a larger profit than the high-cost firms. d. the highest-cost firms will incur a deadweight loss.
(Consider This) Payout rates for state lotteries:
A. are considerably lower than payout rates from casinos. B. are considerably higher than payout rates from casinos. C. are roughly equal to the payout rates from casinos. D. cannot be compared with casino payout rates because states do not typically disclose their payout rates.