Examples ofPrivate and Government consumption and investment.

Question

A transfer payment is Select one: a.a form of government spending that is not made in exchange for a currently produced good or service. b.the benefit that a person receives from an expenditure by government minus the taxes that were collected by government to fund that expenditure. c.a payment for moving expenses a worker receives when he or she is transferred by an employer to a new location. d.a payment that is automatically transferred from your bank account to pay a bill or some other obligation.

Answer 1

Question

Chapter 25, Problem 3PA

Subpart (a):

To determine

Examples ofPrivate and Government consumption and investment.

Subpart (b):

To determine

Examples ofPrivate and Government consumption and investment.

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A transfer payment is Select one: a.a form of government spending that is not made in exchange for a currently produced good or service. b.the benefit that a person receives from an expenditure by government minus the taxes that were collected by government to fund that expenditure. c.a payment for moving expenses a worker receives when he or she is transferred by an employer to a new location. d.a payment that is automatically transferred from your bank account to pay a bill or some other obligation.

In your own words, what does "economics" actually mean? What are some of the different schools of thought or ideas on what the term economics means? Why is it important to. understand these differences?

a. You buy a pair of new cowboy hat on a trip to Texas . b.You buy a pair of vintage cowboy boots from your cousin in El Paso c. A cat burglar sells $10,000 of stolen jewelry to a fence d.apple issues $1 billion worth of new shares e.GM purchases $100 million worth of tires from Firestone f. A private company builds a new road in Memphis g.Stay-at-home parents provide an estimated $500 million of child care services . h.The government pays out unemployment benefits