expenditur Use fesources, whereas exhaustive expenditures change the ownership of financial resources. O Exhaustive expenditures use resources, whereas nonexhaustive expenditures change the ownership of financial resources.
expenditur Use fesources, whereas exhaustive expenditures change the ownership of financial resources. O Exhaustive expenditures use resources, whereas nonexhaustive expenditures change the ownership of financial resources.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:a. Which of the following statements is true?
O Nonexhaustive expenditures use resources, whereas exhaustive expenditures change the ownership of financial resources.
O Exhaustive expenditures use resources, whereas nonexhaustive expenditures change the ownership of financial resources.
O Exhaustive expenditures use nonexhaustive resources to create output.
O Nonexhaustive expenditures use exhaustive resources to change the ownership of financial resources.
b. An example of a government transfer payment is
O a subsidy to a large corporation.
O hiring military personnel.
O paying an administrative assistant.
O the purchase of materials to build a new bridge.
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