In macroeconomic analysis, a transfer payment is considered a
a. positive tax.
b. fixed tax.
c. negative tax.
d. variable tax.
c
You might also like to view...
The U.S. economy has become a less closed economy over the past 50 years.
Answer the following statement true (T) or false (F)
The number of highly skilled and knowledge workers entering the workforce increases when
(a) firms substitute capital for high priced labor. (b) the market demands labor with advanced degrees. (c) the government cuts educational funding. (d) All of the above
If the government sought to end a recession, which of the following would be an appropriate policy?
a. Increase taxes b. Decrease government purchases. c. Decrease taxes and increase government purchases. d. None of the above
Gabby flips a fair coin and it shows heads. When trying to guess what the coin will show on the next flip, Gabby guesses heads because she thinks it is more likely to occur than tails since the coin showed heads on the last flip. Gabby suffers from the:
A. gambler's fallacy. B. gambler's myth. C. hot-hand fallacy. D. hot potato fallacy.