An example of a transfer payment is
A) a teacher's paycheck.
B) a paycheck for a member of the National Guard.
C) a welfare payment.
D) a purchase of a new bridge in Alaska.
Answer: C
Economics
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The fundamental force that generates international trade is
A) the need for more goods and services. B) absolute advantage. C) the sea rule. D) comparative advantage. E) the existence of tariffs.
Economics
Since 1962, which of the following federal expenditures, measured as a percentage of GDP, has decreased?
A) Social Security B) Medicare and Medicaid C) net interest D) defense
Economics