Which of the following is a source of inequality in incomes?
a. job preferences
b. willingness to take risks
c. differences in investment in human capital.
d. All of the above are correct.
d
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Credit unions ________
A) acquire access to funds by accepting deposits then use these monies in lending to households and firms B) are a special type of mutual fund C) raise funds by selling commercial paper then lend these funds to consumers D) acquire access to monies through the payment of premiums by employees
Which of the following is a private owner prohibited from doing?
What will be an ideal response?
Erin reduces the price of her handmade boxes by 10 percent. The following month the sale of this product increases 9 percent. As a result, Erin’s income for this month most likely ______.
a. decreased slightly b. decreased sharply c. increased slightly d. increased sharply
Jody has purchased a non-refundable $75 ticket to attend a Miley Cyrus concert on Friday night. Subsequently, she is asked to go to out dinner at no expense to her. If she uses cost-benefit analysis to choose between going to the concert and going out to dinner, the opportunity cost of going out to dinner should include:
A. only the cost of concert ticket. B. neither the cost of the ticket nor the entertainment value of the concert. C. only the entertainment value of the concert. D. the cost of the ticket plus the entertainment value of the concert.