In 2017 about 51% of personal income in the United States came from
A. wages and salaries.
B. profits.
C. property income.
D. transfer payments.
Answer: A
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Explain how the money market determines the equilibrium interest rate
What will be an ideal response?
Which of the following BEST describes the special drawing right?
A) an international reserve asset created to supplement members' existing reserve assets B) the official currency for international trade established by the World Bank C) a substitute for the fixed value of gold as determined by currency rates D) a contribution made by countries to join the IMF
In the United States today, money consists of
What will be an ideal response?
A distinguishing characteristic of producers of information products is their
A. low average fixed costs. B. low fixed costs. C. high social cost. D. short-run economies of operation.