Examples of transfer payments are
A) wages, profits, and rents.
B) Social Security checks and unemployment insurance payments.
C) salaries of educators, police, and firefighters.
D) federal government spending for national defense.
B
Economics
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An optimizing consumer will select the consumption bundle in which the marginal rate of substitution
a. is equal to the relative price ratio of the goods. b. exceeds the marginal utility of each good by the greatest amount. c. is less than the slope of the budget constraint. d. All of the above are correct.
Economics
Why are Pigovian taxes preferred to regulatory policies as methods to remedy negative externalities?
Economics