Which of the following properly matches the owner of a resource with the corresponding payment?
a. Land owners and rent
b. Entrepreneurs and interest payments
c. Laborers and profit
d. Entrepreneurs and rent
e. Capitalists and salaries
A
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What are the major components of M1? What are the major components of M2? Describe each component
What will be an ideal response?
Which of the following is true of a demand curve? a. It must remain stable over time
b. It can shift either rightward or leftward. c. It is possible to move along the curve, but the demand curve will not shift. d. None of the above are true.
Suppose the price index was 105 in 2017, 126 in 2018, and the inflation rate was lower between 2018 and 2019 than it was between 2017 and 2018 . This means that
a. the price index in 2019 was lower than 126.0. b. the price index in 2019 was lower than 147.0. c. the price index in 2019 was lower than 151.2. d. the inflation rate between 2018 and 2019 was lower than 1.2 percent.
Average variable cost and average total costs get closer together as output increases because
A) diminishing returns set in. B) average fixed costs decrease as output increases. C) marginal costs decrease as output increases. D) economies of scale become apparent.