Karl Marx envisioned communism as an economic system that blends the best elements of capitalism and socialism

For the purposes of GDP accounting, government purchases include

A) the purchases of new military equipment. B) direct transfer payments by the government to other individuals. C) Social Security payments. D) welfare payments.

A society is saving lives (productively) efficiently if

a. there are no unemployed resources in the health care sector b. there are no unemployed resources anywhere in the economy c. there is no way to save more lives d. there is no way to save more lives without sacrificing some other goods or services e. the opportunity cost of saving one more life is zero