Of the following, the largest single component of U.S. federal government expenditures is spent on
A) transfers to state and local governments.
B) Medicare and Medicaid.
C) interest paid on the national debt.
D) purchases of goods and services for purposes other than national defense.
E) national defense.
B
Economics
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For a perfectly competitive firm, the marginal revenue product is equal to the marginal product multiplied by the output price
a. True b. False Indicate whether the statement is true or false
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An increase in the number of college scholarships issued by private foundations would
a. increase the supply of education. b. decrease the supply of education. c. increase the demand for education. d. decrease the demand for education.
Economics