Which of the following in NOT a source of profit?
A. Innovation
B. Wages
C. Exercise of monopoly power
D. Risk taking
B. Wages
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The demand for computers is derived from the demand for the capital resources that are used to produce computers.
Indicate whether the statement is true or false
What are two reasons diminishing returns to specialization occur? (Check both responses.)
What will be an ideal response?
In the United States since 1970, the quantity of M1 money people hold as a percentage of GDP has
A) decreased. B) remained constant. C) decreased at first and then increased. D) increased at first and the decreased. E) increased.
Each of the following is a provision of the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 except
A. lifetime welfare benefits are limited to five years. B. after receiving welfare for two months. Adults must find jobs or perform community service. C. the federal guarantee of cash assistance for poor children is ended. D. the provision of over one million government jobs for those unable to find work in the private sector.