An example of a transfer payment is A) a welfare payment. B) ...

[lak]

An example of a transfer payment is
 
  A) a welfare payment.
  B) a paycheck for a member of the National Guard.
  C) a purchase of a new bridge in Alaska.
  D) a teacher's paycheck.

Question 2

When an economy faces diminishing returns
 
  A) the slope of the per-worker production function becomes steeper as capital per hour worked increases.
  B) the per-worker production function shifts to the left.
  C) the slope of the per-worker production function becomes flatter as capital per hour worked increases.
  D) the per-worker production function shifts to the right.

[sokh]

Answer to Question 1

A

Answer to Question 2

C

[lak]

Thanks for the timely response, appreciate it

[mochi09]

Excellent