Transfer payments are important for society because
a. the government needs to perform acts of goodwill to maintain citizens' support
b. we could not count GDP without them
c. they serve to redistribute money from one group of citizens to another
d. government investment is an important component of GDP
e. they result in lower taxes for citizens
C
Economics
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When Natalie in New York buys stock in Hyundai in Korea, NCO:
A. decreases. B. is unaffected. C. increases. D. is zero.
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The amount of good A given up for good B in trade is the
A. Exploitation of consumers. B. Comparative advantage. C. Terms of trade. D. Absolute advantage.
Economics