The major determinant of an individual's income is
a. whether or not his family is wealthy.
b. his personality-if the coworkers and the boss like him.
c. how productive he is combined with demand for what he produces.
d. if he earns a salary or if he is paid by the hour.
C
You might also like to view...
The above figure illustrates Mary's production possibilities frontier. If Mary wants to move from point d to point c, she must
A) improve technology. B) increase her accumulation of capital. C) give up some of good X in order to obtain more of good Y. D) give up some of good Y in order to obtain more of good X.
Because people prefer name-brand pain-relieving drugs over store-brand pain-relieving drugs, demand curves do not slope downward for pain-relieving drugs
Indicate whether the statement is true or false
Investment in human capital
A. is not comparable to other investments in any way since human capital is embodied in the person. B. is quite different from and has a much lower return than investment in physical capital. C. is just like investment in physical capital but has a much greater return than do other investments. D. is just like investment in physical capital and has a return similar to that earned from other investments.
The form of risk to the investor associated with the asset unexpectedly falling in price is called
A. complete risk. B. overall risk. C. market risk. D. default risk.