If the government decreased urban welfare payments by a dollar for every dollar increase in farm subsidies, which of the following is the likely net effect?
a. An increase in the budget deficit because government spending has increased
b. A decrease in the budget deficit because transfer payments are not included in the government's budget
c. An increase in the budget deficit because transfer payments have increased
d. An increase in the budget deficit because farm subsidies are transfer payments but urban welfare payments are not
e. No change in the budget deficit
e
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According to Say's law,
A) desired expenditures cannot be compared with actual expenditures. B) desired expenditures are always less than actual expenditures. C) desired expenditures are always equal to actual expenditures. D) desired expenditures are always more than actual expenditures.
With respect to the Ford Pinto, comparing the cost of the modification to the fuel tank with the lives the modification would save was the best way Ford could save the greatest number of lives at the lowest possible cost
Indicate whether the statement is true or false