Which of the following is not an example of a transfer payment?
A. social security.
B. sales tax.
C. unemployment benefits.
D. workman’s compensation.
B. sales tax.
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Use the figure below to answer the following question.
If a price ceiling in this market is set at P1, producer surplus is represented as which area on the graph?
A. b. B. c. C. c + b + d. D. b + c.
Which of the following statements about the central bank is TRUE?
A) Only the central bank may hold foreign reserves and intervene officially in exchange markets. B) Central banks have little power to alter macroeconomic conditions. C) Today, central banks' reserves consist largely of gold. D) The Federal Reserve holds only a small level of official reserve assets other than gold. E) Central banks never inject money into the economy.
________ describes hardy people who bounce back, have a sense of control over their lives and do not fear change
a. Cognition b. Emotive ability c. Psychological hardiness d. Reactivity
Economic problems are made manageable by stripping away some of the unnecessary details.
Answer the following statement true (T) or false (F)