Which of the following is a transfer payment?
I. Social Security
II. Unemployment benefits

Economic profit is equal to the difference between:

A) total revenue and the full opportunity cost of all the resources used in production. B) total revenue and implicit costs. C) accounting profit and explicit costs. D) implicit and explicit costs.

Discount loans available to health banks which can be used for any purpose are called

A) primary credit. B) secondary credit. C) seasonal credit. D) repo loans.