Transfer payments are
a. payments for goods or services that individuals provide
b. funds given to people or organizations when no good or service is received in exchange
c. included in the government purchases category of GDP
d. examples of government investment
e. used to pay state employees
B
You might also like to view...
Which of the following groups gain from international trade?
i. producers of exported goods ii. domestic consumers of imported goods iii. workers in exporting firms A) i only B) ii only C) iii only D) i and iii E) i, ii, and iii
Average variable cost (AVC)
A) is the variable cost divided by the average sales price of the final good. B) is the variable cost divided by the quantity of output produced. C) is equal to average fixed cost (AFC) when no output is produced. D) is always less than average fixed cost (AFC).
Refer to the table below. If the discount rate is 5 percent and the cost of the investment is $43,000, which of the following is true regarding a profit-maximizing manager?
The above table shows the future operating profits from an investment. The future operating profits are earned at the end of each of the respective years.
A) The manager should not make the investment because the net present value is positive.
B) The manager should make the investment because the net present value is positive.
C) The manager should not make the investment because the net present value is negative.
D) The manager should make the investment because the net present value is negative
Supporters of minimum-wage legislation argue that:
A. a worker earning minimum wage should be able to live above the poverty line. B. it would not be fair for firms to pay a wage that would leave workers struggling to escape poverty. C. workers deserve a basic standard of living. D. All of these are true.