If a corporation does not distribute profit to its stockholders, it might be that
a. no profit was earned by the corporation
b. profit was used to pay out dividends
c. the corporation has no stockholders
d. its losses were as large as its profit
e. profit was used to pay its board of directors, the first claimants to corporate profit
A
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In economics, money is defined as
A) any asset people generally accept in exchange for goods and services. B) the total amount of salary, interest, and rental income earned during a year. C) the total value of one's assets minus the total value of one's debts, in current prices. D) the total value of one's assets in current prices.
One reason scholars argue that government activity should be considered when evaluating the measured income distribution because: a. the lowest-income quintile has benefited from state-subsidized higher education more than have middle-income and higher income quintiles. b. the higher-income quintiles have benefited more than the poor from housing subsidies and Medicaid
c. the middle and higher-income quintiles have benefited more than the poor from state-subsidized airports, airlines, operas, and museums. d. the lowest-income quintile has benefited more than middle-income and upper-income quintiles from state-subsidized airports, airlines, operas, and museums.
Giving states control of nonpoint source pollution
a. has no advantages b. can be problematic because states generally have inadequate data to assess the problem c. is advantageous because it results in greater consistency of control d. was not the original intent of the 1987 legislation
Which of the following statements is correct? In 2014,
a. real income per person in the U.S. was about 4 times that in China. b. real income per person in China was more than 2 times that in India. c. the typical resident of India had less real income than the typical resident of England in 1870. d. All of the above are correct.