All of the following are examples of automatic stabilizers except
A) personal income taxes.
B) means-tested federal transfer payments.
C) welfare benefits.
D) government emergency spending.
Ans: D) government emergency spending.
Economics
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When a U.S. company shifts some of its production to Mexico, it is engaging in
A) involuntary exchange. B) outsourcing. C) insourcing. D) self-sufficiency.
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The used car market may be inefficient because the purchase of a used car often involves
a. natural selection b. moral hazard c. hidden actions d. open-access resources e. hidden characteristics
Economics