If B represents resource markets and C represents households, then the flow from B to C is _____
a. revenue.
b. expenditures.
c. labor, capital, and natural resources.
d. income.
e. wages, interest, rent, and profit.
check image at top
d. income.
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In perfect competition, marginal revenue always equals
A. total revenue. B. price. C. average cost. D. marginal fixed cost.
Considering a given increase in price due to a tax, the more price elastic the supply curve is, the:
A. larger the drop in equilibrium quantity. B. smaller the drop in equilibrium quantity. C. smaller the amount of deadweight loss created. D. less surplus that is transferred to consumers.
Typical data collected for job analysis would include all but which of the following?
A. job performance criteria B. relationships with subordinates C. incumbent performance level D. conflicting work demands
Insurance companies facilitate the transfer of risk from:
A. Those who have a low-risk tolerance to those with high risk-tolerance B. Those who have a high-risk tolerance to those with low risk-tolerance C. The insurance companies' owners to the insurance-policy holders D. Insurance policyholders to the bankers who lend money to the companies