Which of the following represents a transfer payment?
a. payment to a company for moving expenses
b. a Social Security benefit payment
c. payment to an importer
d. a postal clerkâs salary
b. a Social Security benefit payment
Economics
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An increase in government spending lowers interest rates and increases the rate of investment in new capital
Indicate whether the statement is true or false
Economics
Which of the following statements is correct? Monopolies are socially inefficient because they (i) charge a price above marginal cost. (ii) produce too little output. (iii) earn profits at the expense of consumers. (iv) maximize the market's total surplus
a. (iii) only b. (iii) and (iv) only c. (i) and (ii) only d. (i), (ii), (iii), and (iv)
Economics