Author Question: Which of the following is an example of a transfer payment by the government? a. The government ... (Read 94 times)

colton · **on:** Jun 30, 2018

Which of the following is an example of a transfer payment by the government?
a. The government provides unemployment benefits to its citizens.
b. The local government invests in building a community center.
c. The government raises funds in order to build bridges and roads.
d. The government provides healthcare to its citizens at a subsidized price.
e. The government provides concessional rates to senior citizens who use public transport.

Question 2

Identify the scenario that will cause the supply curve to shift to the left.
a. Producer expects now that the price will be lower later
b. Price decreases for a substitute in production
c. Input price increases
d. Increase in number of suppliers