Stability and equity are two principles associated with
a. private goods as opposed to public goods
b. public goods, such as public assistance and defense
c. merit goods, such as public assistance and agriculture
d. transfer payment programs, such as education and natural resources
e. transfer payment programs, such as public assistance and agriculture
E
Economics
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As you consume more and more of any good, you experience ________ utility
A) diminishing marginal B) diminishing total C) negative marginal D) increasing marginal
Economics
Suppose that in 2016, the national income in the United States was $200 billion, depreciation was $15 billion, personal taxes were $20 billion, and transfer payments were $10 billion. Gross domestic product in 2016 is
A) $185 billion. B) $215 billion. C) $220 billion. D) $245 billion.
Economics