Legislated federal government payments that anyone who qualifies can receive are called
A) controllable expenditures.
B) a fiscal stabilizer.
C) balanced expenditures.
D) entitlements.
D
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In the long run, a firm will exit an industry if the market price is less than its
a. break-even price. b. shutdown price. c. marginal cost. d. fixed cost.
Which of the following is NOT a reason that credit ratings agencies became more relevant beginning in the late 1970s?
A) the number of bond defaults rose due to periods of recession and inflation B) rating agencies began to charge investors for their services C) governments began to include bond ratings in their regulation of banks, mutual funds, and other financial firms D) rating agencies began to rate bonds issued by foreign governments and firms
A Minnesota farmer buys a new tractor made in Iowa by a German company. As a result,
a. U.S. investment and GDP increase, but German GDP is unaffected. b. U.S. investment and German GDP increase, but U.S. GDP is unaffected. c. U.S. investment, U.S. GDP, and German GDP are unaffected because tractors are intermediate goods. d. U.S. investment, U.S. GDP, and German GDP all increase.
The accompanying table shows a pizzeria's fixed cost and variable cost at different levels of output. Pizzas sell for $20 each. Number of Pizzas Per DayFixed Cost ($/Day)Variable Cost ($/Day)050002550015050500250755004501005008501255001,650 When the pizzeria makes 50 pizzas a day, its average variable cost is ________.
A. $20 B. $10 C. $5 D. $15