Why must total income be identical to the dollar value of total output?
What will be an ideal response?
Total income must be identical to the dollar value of total output because spending by one person is income for another. Further, the definition of profit is important. Profit is the amount left over from total business receipts after all other costs have been paid. Hence, profit is the residual that makes total income equal to the dollar value of total output.
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How does macroprudential regulation relate to conventional measures to prevent fraud and promote transparency?
What will be an ideal response?
Historically, high-income countries have been the primary contributors to the greenhouse gases that cause global warming. Who are the primary contributors today?
a. Low-income countries b. Developing countries c. Middle-income countries d. High-income countries
Financing from the parent company to its foreign affiliates is generally a small percentage of total funding because
A. most foreign governments have imposed quotas of foreign investment in their domestic economy. B. the returns on such investment are taxed at very high rates. C. the parent firm wants to reduce the risks to which its foreign activities are exposed. D. most major home-country governments limit investment in foreign firms by their domestic firms.
Discuss the benefits of unions
What will be an ideal response?