Use the following diagram to answer the next question.
In the diagram, solid arrows reflect real flows and broken arrows are monetary flows. Flow (5) might represent
A. the purchase of laptop computers by the state of Iowa.
B. transfer payments to unemployed workers.
C. personal income tax revenues.
D. the provision of public schools by local governments.
Answer: D
Economics
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Of the $840 billion American Recovery and Reinvestment Act stimulus package which was enacted in 2009, the largest tax cuts occurred in which category?
A) infrastructure tax cuts B) business tax cuts C) individual tax cuts D) energy tax cuts
Economics
When decisions are guided strictly by short-run gains, this is known as
A) opportunistic behavior. B) the prisoners' dilemma. C) tit-for-tat strategy. D) a positive-sum game.
Economics