Multiple Choice
Which of the following is a justification for transfer payments?
A) transfers can create a more ethically acceptable income distribution
B) income redistribution provides insurance against misfortune
C) poverty creates negative externalities such as crime and disease
D) myopic individuals make time-inconsistent saving decisions
E) all of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q4: Balancing the government's budget each year would<br>A)
Q5: Which of the following is not generally
Q6: When government runs a budget deficit,<br>A) interest
Q7: Which of the following is a pure
Q8: Which of the following is not a
Q10: Which of the following government functions most
Q11: Which of the following is a transfer
Q12: In most developed economies,government's share of GDP<br>A)
Q13: Which of the following government functions could
Q14: When no one can be made better