Proprietary income refers to
A. revenue flowing to the government from taxes.
B. revenue generated by government-run businesses.
C. transfer payments from the government to the owners of property resources.
D. money borrowed by the government to finance its operations.
Answer: B
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If there is no external cost, then marginal social cost
A) increases as output increases. B) decreases as output increases. C) is constant regardless of the level of output. D) is unrelated to output levels. E) first increases and then decreases as output increases.
Refer to Scenario 5.10. If Hillary invests 30 percent of her savings in the real estate project and remainder in Treasury bills, the standard deviation of her portfolio is:
A) 0 percent. B) 12 percent. C) 28 percent. D) 30 percent. E) 40 percent.
Leo's Bakery reduces the price of wheat bread from $3 to $1 and finds that quantity demanded increases from 100 to 122 loaves. Leo calculates that his price elasticity of demand for wheat bread is:
a. 0. b. 0.2. c. 1.0. d. 1.5. e. 2.0
Federal deposit insurance is currently capped at $100,000 per account.
Answer the following statement true (T) or false (F)