Which of the following government outlays would be classified as a transfer payment?
A) payments of veterans benefits under the GI bill
B) interest on the federal debt
C) subsidies to gold-mining firms
D) all of these
D
Economics
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What is the motivating force behind the free market?
a) competition b) the invisible hand c) self-interest d) Specialization
Economics
Comment on the following statement: "Input and output markets should be considered separately because they operate independently of one another."
What will be an ideal response?
Economics