In 2017 about 9% of personal income in the United States came from
A. transfer payments.
B. property income.
C. wages and salaries.
D. profits.
Answer: A
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Total Expenditure equals
What will be an ideal response?
Refer to the diagram, which is a rectangular hyperbola, that is, a curve such that each rectangle drawn from any point on the curve will be of identical area. In comparing the price elasticity and the slope of this demand curve, we can conclude that the:
A. slope of a demand curve measures its elasticity.
B. elasticity of a demand curve measures its slope.
C. slope and elasticity of the curve are both constant throughout.
D. slope of the curve varies, but its elasticity is constant.
Use the figure below to answer the next question. 
Economic growth is best represented by a
A. move from X on AB to Y on CD. B. move from X to Z along AB. C. move from Z to X along AB. D. shift of the production possibilities frontier from CD to AB.
Firms price discriminate to maximize total revenue
Indicate whether the statement is true or false