The size distribution of income
A. Tells how personal income is divided up among households or income classes.
B. Reflects the distribution of financial assets.
C. Focuses on the distribution of income to different factors of production.
D. Is the same thing as the functional distribution of income.
Answer: A
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International equilibrium occurs if the quantity of imports demanded by one country is equal to the quantity of exports supplied by the other country
a. True b. False Indicate whether the statement is true or false
The interest rate the Federal Reserve charges commercial banks to borrow reserves is called the ________ rate.
A. Federal B. Fed funds C. prime D. discount
If a nation is initially producing at a point on its production possibilities frontier, then it can increase its production of one good only by
A. decreasing the price of the other good. B. increasing the production of the other good. C. holding constant the production of the other good. D. decreasing the production of the other good.
Refer to the above table. If the price of a movie download is $2 and the price of an apple pie is $5 and the consumer has $19, the rational consumer will purchase
A. 5 movies and 6 apple pies. B. 6 movies and 6 apple pies. C. 2 movies and 3 apple pies. D. 2 movies and 2 apple pies.