When considering the factor distribution of income, which of the following income would go to owners of physical capital?
A. Corporate profits
B. Proprietor Income
C. Taxes
D. Wages
A. Corporate profits
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A rightward shift of the investment demand curve would be caused by a(n):
a. increase in the expected rate of return on investment caused by an increase in business confidence. b. decrease in the expected rate of return on investment caused by a decrease in business confidence. c. increase in the rate of interest. d. decrease in the rate of interest.
Sally wishes to spend more time this week studying for her classes. Using the idea of a production possibilities curve, and assuming Sally is currently spending all of her time efficiently, Sally can spend more time studying this week only if
What will be an ideal response?
If the number of employed people decreases and the average hours worked per week increases, then
What will be an ideal response?
When price exceeds average variable cost but not average total cost, the firm should, in the short run,
A. Minimize per-unit losses by producing at the rate of output where ATC is minimized in the short run. B. Shut down. C. Produce at the rate of output where MR = MC. D. Minimize total losses by producing at the rate of output where ATC is minimized.