A transfer payment is a sum of money
A. spent by government for new goods and services.
B. shifted between members of a household.
C. given by government without a good or service in exchange.
D. moved between companies for goods and services.
E. required to pay taxes.
Answer: C
Economics
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Many theme parks charge an entrance fee and a per-ride fee equal to zero. This is an example of
A) bundling. B) a two-tier tariff. C) multimarket price discrimination. D) perfect price discrimination.
Economics
The measure of the relationship between a change in income and the consequent relative change in quantity demanded at a given price is the: a. cross elasticity of supply
b. elasticity of supply. c. cross elasticity of demand. d. income elasticity of demand.
Economics