All of the following are income in kind EXCEPT
A. government provided food stamps.
B. government provided medical aid.
C. income received from family members.
D. services produced in the home.
Answer: C
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An example of human capital would be:
A. your computer. B. your writing skills. C. your desk. D. None of these is an example of human capital.
Which of the following describes the relationship between bond prices and bond yields?
a. There is a positive relationship between the yield and the price. b. Every 1% increase in the bond price results in a 2% increase in the yield. c. When the bond price is greater than the annual interest, yield is greater than one. d. Bond price divided by the bid price is equal to the yield. e. There is an inverse relationship between the yield and the price.
Laissez-faire advocates believe that the government should
a. nationalize certain industries b. not provide tax incentives to firms for research c. foster an environment that is favorable to research d. actively use price controls when excess profits are earned e. outlaw monopolies which use research to further their power
In general, countries with lower rates of growth of labor productivity have
a. lower levels of productivity. b. higher levels of productivity. c. lower levels of educational attainment. d. higher levels of natural resource endowments.