In-kind transfers include the direct transfer of
A. Education rather than housing.
B. Cash rather than goods.
C. Cash rather than medical services.
D. Goods and services rather than cash.
Answer: D
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In monopolistic competition, there are ________ barriers to entry and so firms in monopolistic competition ________ earn an economic profit in the long run
A) high; can B) high; cannot C) no; can D) no; cannot E) sometimes; can sometimes
The above figure shows the demand curve for movie rentals from Redbox. At which of the following prices does Redbox have the maximum total revenue?
A) $5.00 B) $3.50 C) $2.50 D) $0.00
Before the Civil War (1861–1865), the U.S. credit system made capital investments possible and fueled overall economic growth and development across many sectors. This system was supported heavily by whom?
(a) The British (b) The North (c) The South (d) None of the above
Which of the following items would be considered scarce?
A) water B) diamonds C) potato chips D) All of the above are scarce.