Landlords receive their wages in the form of rents.
Answer the following statement true (T) or false (F)
False
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With regard to international trade,
A. Some countries do not have a comparative advantage in producing anything. B. The market mechanism determines the terms of trade. C. Rich countries benefit at the expense of poor countries. D. The production possibilities exceed the consumption possibilities.
Refer to the above figure. At an income of $10,000, saving is
A. $3,000. B. $13,000. C. -$3,000. D. 0.
Which of the following games involving the roll of a single die is a fair bet?
A) Bet $1 and receive $1 if 3 or 4 comes up. B) Bet $1 and receive $1 if 3, 4, or 5 comes up. C) Bet $1 and receive $4 if 6 comes up. D) None of the bets is a fair bet.
Refer to the information provided in Figure 24.3 below to answer the question(s) that follow.
Figure 24.3Refer to Figure 24.3. The tax multiplier is
A. -4. B. -2.5. C. -2. D. -1.5.