Which of the following represents the marginal productivity theory of income distribution?
a. Workers receive wages and benefits equal to their contribution to output.
b. Capital owners are rich because they take the most income from output.
c. Land owners receive an increased share of income because of property rights.
d. Workers, land owners, and capital owners all receive equal shares of income.
a. Workers receive wages and benefits equal to their contribution to output.
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The following table lists the basket of goods in the Consumer Price Index for the nation of Astro (assume 2014 is the base year).?2014 Quantity2014 Price2015 Quantity2015 Price2016 Quantity2016 PriceSunglasses8$9.0010$11.007$10.00Toothpaste15 3.0018 4.0015 4.00Ferrets6 12.004 15.009 18.00
Using the information in Table 12.2, the Astro Consumer Price Index for 2014 is:
A. 24. B. 100. C. 124. D. 189.
Which method of corporate finance is used the most? Why?
What will be an ideal response?
Explain why economists care about unemployment
What will be an ideal response?
The statement "other things being equal" in the law of demand means all of the following remain constant EXCEPT
A) consumer income. B) the price of the good concerned in the law of demand. C) the prices of substitutes. D) tastes and preferences.