Unlike national income, personal income
a. includes retained earnings, indirect business taxes, corporate income taxes and social insurance contributions, and excludes interest and transfer payments received by households from the government.
b. excludes retained earnings, indirect business taxes corporate income taxes, social insurance contributions and interest and transfer payments received by households from the government.
c. excludes retained earnings, indirect business taxes, corporate income taxes and social insurance contributions, and includes interest and transfer payments received by households from the government.
d. includes retained earnings, indirect business taxes, corporate income taxes, social insurance contributions, and interest and transfer payments received by households from the government.
c
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Since 1960, the labor force participation rate in the United States
A) at first rose sharply and then gradually decreased. B) has generally increased. C) has remained remarkably stable. D) has generally decrease. E) at first gradually decreased and in recent years has risen sharply.
All of the following are true regarding a sealed-bid second-price auction except which one?
A) Participants submit sealed bids. B) The participant with the highest bid wins. C) The winner of the auction pays what the second-highest participant bid. D) This kind of auction is common.
In 1991, Argentina established a radical institutional reform after experiencing a decade marked by financial instability. This program was called the new Convertibility Law. What did this law do?
A) made Argentina's currency fully convertible into Eurocurrency at a fixed rate B) required that the monetary base be backed completely by U.S. dollars C) placed limits on exports of commodities D) made Argentina's currency fully convertible into U.S. dollars at a fixed rate and required that the monetary base be backed completely by gold or foreign currency E) restricted risky international trade activity
The above figure shows a payoff matrix for two firms, A and B, that must choose between selling basic computers or advanced computers. How many Nash equilibria are there?
A) 0 B) 1 C) 2 D) 4