Which of the following is an example of government discretionary spending?
A) defense spending
B) net interest paid on government debt held by the public
C) Social Security retirement payments
D) Medicare benefits for the elderly
A
Economics
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If your income increases from $40,000 to $48,000 and your consumption increases from $35,000 to $39,000 . your marginal propensity to consume (MPC) is:
a. 0.20. b. 0.40. c. 0.50. d. 0.80. e. 1.00.
Economics
Governments usually build highways because it is difficult to exclude individuals who don't pay for the highways from using them. What type of market failure is involved?
A. Market power. B. Public goods. C. Externalities. D. Inequity.
Economics