As of 2010, per capita GDP in the United States was approximately how many times the world average?

When government intervenes in the production process because external benefits exist, it typically attempts

A) to impose a tax on each unit produced. B) to shift the market's demand curve to the left. C) to shift the market's demand curve to the right. D) to shift the market's supply curve to the left.

Which of the following is classified as a transfer payment and not as income?

(a) Monthly payments received from CIT by your economics lecturer; (b) Monthly payments received from CIT by scholarship students at CIT; (c) Monthly payments received by members of the Judiciary; (d) Dividend payments received by the shareholders of a company.