Intergovernmental revenue is an insignificant source of state and local revenue
a. True b. False
b
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Use the following graph to answer the question below.
If the price is P3, then the total revenue is represented by area
A. E + F + G. B. B + C + D + E + F + G. C. B + C + D. D. A + B + C + D + E + F + G.
A good for which demand decreases when income decreases is known as a(n) ________ good
A) normal B) inferior C) complementary D) substitute
A small business owner earns $75,000 in revenue annually. The explicit annual costs equal $40,000. The owner could work for someone else and earn $20,000 annually. The owner's accounting profit is ________ and owner's economic profit is ________
A) $10,000, $10,000 B) $35,000, $10,000 C) $35,000, $55,000 D) $10,000, $55,000
Brian’s Innovative Agriculture pays rent to the Tilfords to grow crops in their fields. This is an example of a ______ market.
a. factor b. labor c. product d. stock