Medicare and Social Security are examples of
A) transfer payment programs.
B) public goods.
C) programs that do not respond to rational economic incentives.
D) the efficient allocation of resources under a free market system.
A
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There are different interest rates associated with many types of securities. Which of the following statements is correct?
A) they vary depending on the liquidity of the security B) they vary depending on the risk associated with the security C) except in very unusual times, most interest rates move together D) all of the above E) none of the above
Banks deposit funds at the central bank, because:
a. They are needed for check clearing b. They need them there in order be able to purchase government securities. c. Actually, banks do not deposit funds at the central bank. They deposit them at the Treasury. d. All the above.