In the United States, all levels of government together spend about
a. one out of every three dollars paid for finished goods and services
b. half of the dollars paid for defense spending
c. the same amount as private citizens and corporations
d. one out of every three dollars paid for education
e. 80 percent of their budgets on transfer payments
A
Economics
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The above figure shows the apartment market in Big City. What is the equilibrium rent in Big City?
A) $1500 B) $1350 C) $1250 D) $1125
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Nonmarket work includes time spent
a. producing goods and services for your employer b. pursuing hobbies and crafts c. engaging in strenuous physical exercise to reduce your weight d. producing your own goods and services e. managing your own firm
Economics