Ticket “scalping” is an example of

A. experimental economics.
B. the limitation of the volume of transactions.
C. the development of a black market.
D. favoritism.

Answer: C

Economics

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Based on the current state of revenue of the Social Security and Medicare programs, the government has two options for funding, which are

A) raising payroll taxes or cutting benefits. B) raising payroll taxes or raising benefits. C) cutting payroll taxes or cutting benefits. D) cutting payroll taxes or raising benefits.

Economics

The expenditure approach to GDP accounting includes spending on

a. consumption, investment, durable goods, and exports b. consumption, gross private domestic investment, government spending for goods and services, and exports c. consumption, gross private domestic investment, government spending for goods and services, and net exports d. consumption, net private domestic investment, government spending for goods and services, and net exports e. consumption, gross private domestic investment, all government spending including transfer payments, and net exports

Economics