The bulk of transfer payment spending in the United States is undertaken by
A) non-profit organizations in the private sector.
B) state governments.
C) local governments.
D) the federal government.
Answer: D) the federal government.
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Under exchange-rate targeting, the central bank in the targeting country ________ lose the ability to pursue its own independent monetary policy and any shocks to the anchor country is ________ transmitted to the targeting country
A) does; directly B) does not; directly C) does; not directly D) does not; not directly
The costs of a firm indicate the desire of consumers for
a. the product produced by the firm. b. other goods that might have been produced with the same resources. c. goods that can be easily substituted for the good produced by the firm. d. goods that are complementary with the good produced by the firm.