Which of the following is a transfer payment?
a. The federal government's budget deficit
b. Unemployment compensation payments
c. Military spending
d. Wages of government employees
e. The excise tax on gasoline
B
Economics
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The major contributor to the long-run improvement of a country's standard of living is
A) low inflation. B) growth in government. C) population growth. D) technological progress.
Economics
The above figure shows the demand and cost curves facing a monopoly. If a $100 per unit tax is charged, what is the incidence of the tax on consumers?
A) 100% B) 50% C) 25% D) 0%
Economics