Government programs that protect people experiencing unfavorable economic conditions

a. free enterprise
b. traditional economy
c. incentive
d. safety net
e. socialism

Ans: d. safety net

Economics

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In 2014, in the United States the sum of the balance of all three of the balance of payments accounts was

A) slightly negative. B) slightly positive. C) greatly positive. D) greatly negative. E) zero.

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If the difference between the marginal benefit and the marginal cost of a good is as large as possible,

A) resources are being used with maximum efficiency. B) resources would create more value producing other goods and hence the production of this good should be decreased. C) more of the good should be produced. D) allocative efficiency has been attained. E) Both answers A and D are correct.

Economics