Answered: Money payments made by governments to…

Money payments made by governments to individuals for which no services or goods are concurrently rendered are known as OA. transfers in kind. B. subsidies. C. effluent fees. D. transfer payments.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: Match each type of good with its associated market efficiency outcome. Public goods Common resources…

A: Market efficiency is achieved where social demand is equal to social supply.

Q: Which of the following entities would most likely agree with Adam Smith&#39;s statement?…

A: Adam Smith was a backer of the free market. In his view, the free economy would give expanded wealth…

Q: Use the linear demand and supply curves shown below to answer the following questions.You must show…

Q: To ensure an adequate income for the farmers, the US government purchases wheat from them. The USA…

A: Subsidies: A subsidy is a benefit offered by the government in order to remove the burden. For…

Q: High tax rates on interest and profits are disincentives.…

A: The marginal tax rate measures the amount of tax paid on additional income earned. According to…

Q: I will not buy my coffee from “XYZ” Company because of their use of children in production. This…

A: The consumerism described is called:Answer: d. Positive Buying

Q: a) A concerted reduction in the total production level in oil markets.

A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…

Q: Adam Smith's idea of the "invisible hand" says that given a country's resources and its initial…

A: Ans Above statement is TRUE Invisible hand means the market should correct itself without any…

Q: The table shows the market for tulips. Price (dollars per bunch) 10 12 14 16 18 Quantity supplied…

A: Given demand and supply schedule PriceQuantity demandedQuantity…

Q: The government is NOT likely to address a negative externality using I Select |

A: Externality is the cost or benefit that the market transaction brings to the third party or society.…

Q: The result(s) of having government defien and protect property rights is (are) a. an increase in…

A: Protection of Property rights is in line with the idea of Laissez Faire where the government…

Q: What is the main purpose of a social welfare function? O To help us match buyers and sellers in…

A: A social welfare function is a mathematical depiction of a society's total well-being that accounts…

Q: KA. Loans made to students by the U.S. Department of Education are referred to as: a. direct…

A: A loan occurs when one or more people, businesses, or other entities lend money to other people,…

Q: he suppliers in the goods-and-services market are a.households, the government, the world b.business…

A: The economy consists of 4 sectors namely: (i) Household sector (ii) Business sector (iii) Government…

Q: Sophia, Victoria, and Eve all would like a place to sit while waiting at their children's bus stop.…

A: Economic decisions are the decisions made by the economic agents to pursue a goal and achieve a…

Q: The elites in a society collect a set of skills that enable them to hold positions of power and…

A: Power involves the capacity to influence or control others, while authority is the legitimate right…

Q: Which of the following will cause the wages in a labor market to decrease? i. A tax that must be…

A: In the labor market, individuals serve their services as a worker or employee in the production…

Q: 1. What is DACA? DACA is a government program that, A. protects eligible youth who came to the…

A: Basics:- DACA stands for Deferred Action for Childhood Arrivals. This program was initiated during…

Q: The Sanity Code: a. Banned all payments to college athletes b. Allowed for financial aid to college…

A: Sanity code allowed colleges to give scholarships and jobs to athletes based on their needs.

Q: Which of the following is a positive statement? A. The federal government debt is too large. B.…

A: (1) Positive statements are those statements that are based on evidence and these statements can be…

Q: You are the economic advisor of the ruler of Pongo. Suppose the people in the country of Pongo…

A: Answer -

Q: 51. Who notifies a good as an essential commodity under the essential commodities act, 1955? [A]…

A: It is Option(C) is correct that it is the central government that usually states an commodity as an…

Q: There are two countries Home and Foreign country. Both countries produce Food and Cloth. Food…

A: Given Food production uses 80 workers and 200 acres And cloth production uses 40 workers and 40…

Q: True or false? The interest rate charged under credit rationing tends to be lower than the interest…

A: When the value of the collateral offered by the borrowers falls drastically, the most basic kind of…

Q: From the perspective of the ____, the price at which a unit is exchange is the marginal cost of that…

Q: c. Trans d. Taxa e. Conti Reason:

A: OPTION A is FALSE as companies operating in a country are subject to the tax laws of the country…

Q: University education: is the only way for people to earn an income above the median income. should…

A: University education is the upper level education that is required to gain specialized knowledge and…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: Option a: This option is incorrect because, favouring mildly disabled workers can be discriminatory…

Q: 63. The invisible hand refers to the: A. fact that the U.S. tax system redistributes income from…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: 1. If a company introduces a new program and finds that orders from wholesalers far exceed the…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Match the term with its correct definition. 1. Deflation Externality Fallacy of Composition A side…

A: An economy consists of the individuals, business firms, and government that is engaged in the…

Q: If there is neither a tax nor a subsidy, you are willing to pay $46 for 1 kg of coffee, a total of…

A: The transfer of money to an entity or individual from the government is known as a subsidy. It is a…

Q: Identify the relevant economic concept which can be matched to the descriptions below. Simple give…

A: A market is a place or a system where buyers and sellers interact to exchange goods, services, or…

Q: Which of these is not an example of a revenue stream? A. Money coming in from direct sales B. Money…

A: A firm or organization's source of money is known as a revenue stream. It describes the various…

Q: What is the government policy that supports research and development (R&D), doesn't involve the…

A: The process through which there is the creation of improved or new technologies that could help in…

Q: Loans made by the U.S. Department of Education to students are called a.direct student loans.…

A: When an individual borrows certain amount from a bank or financial institute or is available from…

Q: A country opens up to trade and imports clothing. In the clothing market, surplus has been…

A: Trade is the exchange of goods, services, or assets between parties. It can be domestic or…

Q: Not use Ai and sart gpt.

A: Here's why:Perfect competition: In a perfectly competitive market, there are many buyers and…

Q: Economics Question

A: Certain nations are still rooted in their traditional ways of functioning, and using age-old…

Q: Which of the following is correct? Government purchases of good and services include: Group of…

A: The Gross Domestic Product (GDP) measures the market value of all the final goods and services…

Q: Identify the relevant economic concept which can be matched to each of the descriptions below. 1 A…

A: Economic concepts are a group of fundamental ideas that explain a range of economic phenomena, such…

Q: Which of these claims is NOT a claim the book reports most economists agree about? Question 1…

A: The answer is - The United States should eliminate agricultural subsidies

Q: Which of the following directly impacts the range of products and prices in the free market system?…

A: The free market is a economic framework in light of supply & demand market with next to zero…

Q: Subsidies ____ the price paid by the buyer and ____ the price received by the seller.

A: Subsidies Subsidies refers to the incentive that is provided by the government to the people or…

Q: Which type of grant is usually better at increasing the quantity spent on public goods?…

A: A grant is a amount of money that is providing financial assistance or support by the government or…

Question

Money payments made by governments to individuals for which no services or goods are concurrently rendered are known as
A. transfers in kind.
B. subsidies.
C. effluent fees.
D. transfer payments.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Public expenditure refers to the spending by government on goods, services, and obligations. It plays a crucial role in an economy by influencing the distribution of resources, stabilizing the economy, and promoting social welfare. The importance of public expenditure lies in its ability to such as providing public goods, supporting vulnerable populations, and investing in infrastructure and education. A) Increase private investment B) Address market failures C) Decrease government intervention D) Privatize public services
New York's proposed "Good Cause" legislation may discourage landlords from renting to persons with questionable credit histories prevents police from stopping drivers or pedestrians without good cause will require landlords to donate a portion of their rental income to charities will help homeless persons find shelter in winter months
Identify a market failure in Trinidad and Tobago, identify the type of market failure and discuss why market failure occured. Identify a market failure in Trinidad and Tobago, identify the type of market failure and discuss why market failure occured. Suggest a relevant government policy that would yield the efficient outcome and carefully explain the process through which the implementation of the government policy will lead to the optimal outcome. Carefully explain how the imposition of the chosen government policy impact consumer surplus, producer surplus and total surplus in this scenario.
Y axis (PRICE) $4.50 $3.50 s1 $2.50 $1.50 D2 D1 X axis (QUANTITY) 10,000 20,000 r: Based on those findings what do you recommend for next month? Would you increase the production of toilet paper to meet demand? Would you decrease the production? Would you keep production at the same level?
Question 2: Suppose Qd= 100- 10P Qs = 10P a. Draw a graph using the supply and demand equation assuming no trade. Calculateequilibrium P, Q, consumer, producer and total surplus. b. Draw another graph assuming that trade is allowed. Calculate quantity domesticallyconsumed, domestically produced, imports, consumer surplus, producer surplus assumingworld price =$3. c. What happens to consumer surplus and producer surplus after trade? Does total surplusincrease or decrease after trade? Show your calculations. i need the the diagram
When you can't people from accessing your good or service, then the can't provide it and still make a profit out of it. exclude; government exclude; private businesses include; businesses include; government
Lesson 6- Individual and Market Demand Question 6
Which of the following is not correct? Government purchases of goods and services include: government purchases for new silverware in the White House. government purchases of the teaching services of public school teachers. government purchases of police protection for citizens. government income transfers to low income individuals.
Question According to the article, which of the following are criticisms of in-kind food aid? 1. In-kind food aid often causes the price of locally produced food to rise. II. Compared to cash aid, in-kind food aid takes a long time to arrive. III. The shipment costs of in-kind food aid make it expensive compared to cash aid. IV. In-kind food aid forces locals to eat unfamiliar foods.
A painting by Monet displayed in a museum is: a. excludable but not rival. b. rival but not excludable. c. both rival and excludable. d. neither rival nor excludable.
A producer is someone who A.Makes a commodity available for sale or exchange B.Buys or trades in order to receive a commodity C.Is in the market for a commodity D.Receives a commodity from a business
One popular way governments try to ameliorate market failures is by imposing taxes or offering subsidies. These policies change prices of goods and services so that individuals ___________ the _________ environmental effects of their production and consumption decisions. Fill in the gaps above.