Which of the following is a government expenditure, but is not a government purchase?
A) The federal government buys a Humvee.
B) The federal government pays the salary of an FBI agent.
C) The federal government pays out an unemployment insurance claim.
D) The Federal government pays to support research on AIDS.
Answer: C
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The figure shows the market for college education. If the market for education is competitive and with no government intervention, the equilibrium quantity of college students is ________ million and the efficient quantity of college students is
________ million. A) 2; 4 B) 8; 2 C) 8; 4 D) 4; 8 E) 0; 10
Farmers' complaints during the post-Civil War period included all of the following except
(a) High railroad rates (b) A worsening of the terms of trade between the prices of farm goods and the prices of manufactured articles (c) The fact that national banks were not allowed to accept farm mortgages as loan collateral (d) There is no "except"; all of the above were complaints of the farmers