An advantage of transfer payments over public works as a means of reducing unemployment is that transfer payments
a. provide more direct aid to those suffering most from unemployment.
b. are unlikely to decrease unintended excess inventories of consumer goods.
c. generate more secondary and tertiary employment.
d. tend to have a larger multiplier effect.
a. provide more direct aid to those suffering most from unemployment.
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If the Fed sells a T-bill to a commercial bank, how will this affect the money supply?
a. It will increase the money supply. b. It will increase bank reserves. c. It will decrease the money supply. d. It will have no effect on the money supply.
A large farm uses fertilizer that nearby landowners complain may contaminate their water. Tests are conducted and contaminants are found. The costs resulting from this decision are referred to as
A) implicit costs. B) factor costs. C) external costs. D) opportunity costs.