Which of the following is true of transfer programs?
a. They involve redistributing income from lower-income individuals to higher-income individuals.
b. They place a high implicit tax on work
c. They increase the opportunity cost of leisure.
d. They indirectly help in decreasing the unemployment rate in an economy.
e. They result in an increased productivity of labor and a rise in the total output of an economy.
b
Economics
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If all income is consumed in a year, then
A) income next year will increase. B) investment spending will be zero. C) any investment spending will be done by the government. D) investment spending will increase.
Economics
The supply curve of U.S. dollars shifts leftward. This could have been influenced by ________
A) a rise in the U.S. interest rate differential B) a fall in the expected future exchange rate C) an increase in the U.S. exchange rate D) a decrease in the U.S. exchange rate
Economics