The largest component of national income is:
A) compensation of employees
B) proprietor's income
C) rental income
D) corporate profits
A
Economics
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Contracts can avoid transaction costs
Indicate whether the statement is true or false
Economics
Suppose the government imposes a tax of 20 percent on the first $50,000 of income and 30 percent on all income above $50,000 . What is the average tax rate when income is $60,000?
a. 21.7 percent b. 25.0 percent c. 46.7 percent d. 50.0 percent
Economics
Any asset used to make purchases is:
A. money. B. a deposit. C. the same as income. D. a bond.
Economics
Education increases the stock of which factor of production?
A) physical capital B) human capital C) land D) entrepreneurship
Economics