Currently capitalist income, that is, corporate profits, interest, and rent, accounts for about what percentage of the income paid to American resource suppliers?
A. 10 percent.
B. 20 percent.
C. 50 percent.
D. 80 percent.
Answer: B
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The largest component of M2 is
A) savings deposits. B) currency. C) money market mutual funds. D) travelers checks.
Refer to the above figure. The market clearing price is
A) $2. B) $6. C) $8. D) $10.
The table above gives the total cost information for Hank and Helen's cherry farm. They sell their cherries in a perfectly competitive market, where the price is $6.00 per pound. If Hank and Helen produce and sell 5 pounds of cherries, what is their total revenue?
Select one: a. $30 b. $6 c. $20 d. $28
Price floors
A) provide free market incentives for producers. B) create surpluses by setting the price above equilibrium. C) create shortages by setting the price above equilibrium. D) are used by advocates of the free market.