The largest category of gross domestic income is
A. interest.
B. wages.
C. profits.
D. rent.
Answer: B
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As an economy increasingly specializes in producing one good, the opportunity cost of that good increases. The opportunity cost increases because
A) not all goods are equally valuable. B) as more of a good is produced, the profit from its production must rise. C) resources are not equally productive in all activities. D) what must be paid to resources increases. E) human wants are virtually unlimited.
If a stock's dividend is expected to grow at a constant rate of 4 percent in the future
and it has just paid a dividend of $6.00 per share, and you have an alternative investment of equal risk that will earn a 7 percent rate of return, what would you be willing to pay per share for this stock? A) $6.66 B) $54.55 C) $200.00 D) $208.00
"Income elasticity of demand is always positive." Do you agree or disagree? Explain
What will be an ideal response?
EFI Conveyor Systems recently visited a local AC motor distributor. This transaction most likely involves:
A. vertical integration. B. contract or vertical integration. C. spot exchange. D. contract.