Government purchases in national income accounts would include expenditures for payments of:
A. public assistance for military veterans.
B. salaries for current U.S. military officers.
C. Social Security checks to retirees.
D. public assistance for welfare recipients.
Answer: B
Economics
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Firms that produce ________ products must be ________ competitive
A) differentiated; imperfectly B) differentiated; perfectly C) standardized; imperfectly D) standardized; perfectly E) exported; imperfectly
Economics
Which of the following is a reason why government is a participant in a market-oriented economy?
a. to enforce contracts and protect private property b. to promote collusion c. to promote the growth of natural monopolies d. to provide more inequality in the distribution of income e. all of the above
Economics