Which of the following represents the largest source of income for U.S. households?
a. personal interest
b. proprietor's income
c. wages and salaries
d. rental income
e. transfer payments
C
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Are all externalities negative? Explain
What will be an ideal response?
Tom & Jerry are running Hanna Barbera's lemonade stand as two profit centers. Tom makes the lemonade while Jerry sells it. Jerry argues that Tom is transferring the lemonade to him priced too high, which forces him to charge the customers a high price, losing sales. What could be a profitable solution to this transfer-pricing problem?
a. Move the decision making to Hanna Barbera b. Turn Tom's division into a cost center c. Base Tom's reward on the company profits d. Base Jerry's reward on the company profits
The aggregate expenditure model focuses on the ___ relationship between real spending and ____
Fill in the blank(s) with the appropriate word(s).
A business owned by a single person
What will be an ideal response?