One of the most important forms of capital income is
A. rents.
B. interest.
C. investments.
D. dividends.
Answer: B
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Nominal GDP in the United States was higher in 2012 than in 1950, but Real GDP was higher in 1950 than in 2012
Indicate whether the statement is true or false
Grace and Will are moving to LA at the same time and both wish to find apartments to rent. Grace is staying with her aunt for free while Will is paying to stay at a motel. If their search costs are otherwise identical, one can predict that:
A. Grace will spend more days searching than Will. B. Will will have better information. C. Will will spend more days searching than Grace. D. Grace and Will will spend the same number of days searching.
Suppose a firm wanted to go out of business. The firm sells all its assets and pays off everything it owes to creditors. The stockholders would receive
A. one half of the funds; the other half of the funds goes to bondholders. B. the rest of the funds, after everyone who has a claim against the firm is paid. C. nothing. D. their annual dividend payment.