According to the text, what is the largest source of earned income for U.S. households?
A. Wages and salaries.
B. Corporate profits.
C. Proprietors' income.
D. Interest.
Answer: A
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Suppose Sarah owns a small company that makes wedding cakes. The table below shows how Sarah's total cost varies depending on the number of wedding cakes she makes each day.Number ofCakes Per DayTotal CostPer Day0$1001$1802$2203$3004$4005$5206$660Sarah's fixed cost is ________ per day.
A. $20 B. $200 C. $100 D. $10
Use the figure below, which shows a linear demand curve and the associated total revenue curve, to answer the question.
The marginal revenue of the 100th unit is $________.
A. 20 B. 40 C. 50 D. 0 E. cannot tell from the information provided
Affirmative action programs are intended to combat
A. poverty. B. economic inequality. C. discriminatory practices by employers. D. “comparable worth” systems of compensation.
A year-long drought that destroys most of the summer's crops would be considered a:
A. short-run supply shock. B. long-run demand shock. C. long-run supply shock. D. short-run demand shock.