Which of the following statements about transfer payments is true?
a. Transfer payments are not included in total government expenditures.
b. Transfer payments involve the international remittance of funds.
c. Transfer payments refer to the transfer of money by the commercial banks to the people.
d. Transfer payments are made by the government to taxpayers.
e. Transfer payments are made when governments purchase goods and services.
d
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Voluntary recycling is available in many parts of the country. If citizens of these areas have collected recyclable material at home, they can bring it to a recycling center. These materials reduce landfill space, reduce the need for virgin material extraction, and provide an inexpensive input in many production processes. The information in this question suggests what about areas without
voluntary recycling? a. Externalities exist. b. There is mandatory recycling. c. Raw materials are less expensive. d. The cost of production is higher. e. Nothing.
What is the incentive for a firm to join a cartel?
A) to be able to earn profits in the long run but not in the short run B) to be able to earn larger profits than if it was not part of the cartel C) to completely insulate itself from competition D) to produce a larger amount of output than if it was not part of the cartel