Which of the following is not included in national income?
a. Corporate profits
b. Interest earnings
c. Capital consumption allowance
d. Rental income
e. Stockbroker commissions
c
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Referring to Figure 19.2, the effect of a decrease in U.S. prices is represented by a movement from point
A) a to d. B) d to a. C) b to c. D) a to b.
Which of the following is not a way by which price-discriminating firms can segment a market?
A) on the basis of the supplier's marginal cost of production, for example requiring customers to pay a premium for customizing options B) on basis of the buyer's location, for example requiring out-of-state students to pay higher tuition C) on the basis of time of purchase, for example long-distance calling D) by requiring an advance purchase, for example airline tickets
Entry causes the competitive firm's demand curve to fall
Indicate whether the statement is true or false
The notion of ________ is that through income redistribution, the rich sacrifice a little and the poor gain a lot.
A. Rawlsian justice B. utilitarian justice C. labor value D. distributional justice