Transfer payments are included in the government budget deficit but not included in the government purchases component of GDP

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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Which of the following is a method used by unions to increase the demand for their members' labor?

A) Support import restrictions. B) Decrease the marginal product of union members. C) Oppose immigration restrictions. D) Oppose minimum wage laws.

Economics

Assume the price of a movie is $10. Jenna demands 2 movies per week, Sam demands 3 movies per week, and Jordan demands 8 movies per week. From this information we can conclude that

A) the market quantity demanded at a price of $10 is at least 13 movies per week. B) Jordan is obviously more wealthy than either Sam or Jenna. C) Sam is irrational compared to Jenna or Jordan. D) the movie industry is unprofitable.

Economics