Which of the following is included in net government income?
A) social security benefits
B) factor income
C) taxes
D) all of the above
E) none of the above
C
You might also like to view...
If the demand for one good decreases when the price of another good decreases, the two goods are ________ goods
A) normal B) inferior C) complementary D) substitute
If rational workers and firms know that the Federal Reserve is following a contractionary monetary policy, they will expect inflation to ________ and will adjust wages so that the real wage ________
A) increase; decreases B) decrease; increases C) increase; remains unchanged D) decrease; remains unchanged
A production possibilities curve determines the price at which goods trade
Indicate whether the statement is true or false
Which of the following is not considered by economists to be an economic resource?
A. Money. B. Factory workers. C. Computers at a retail store. D. A forest.