The two main sources of household income are wages/salaries and property income.

Answer the following statement true (T) or false (F)


True

Economics

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When one party to a transaction knows more than the other, ________ is said to exist

Fill in the blank(s) with correct word

Economics

An American citizen works for a U.S.-owned architectural firm located in Mexico. This architect will contribute toward:

A. U.S. GDP since he's a U.S. citizen. B. Mexico's GDP since he's working in Mexico. C. both Mexico's and U.S. GDP. D. U.S. GDP since he's working for a U.S. firm.

Economics

Which of the following is the best example of an investment in human capital?

A. on-the-job training received by an apprentice electrician B. an increase in the number of hours worked per week by a worker in an unskilled laboring job C. the purchase of company stock by a worker D. payments into a retirement pension plan by a skilled laborer

Economics

The aggregate demand curve would shift to the right as a result of

A. a decrease in the U.S. real interest rate. B. a decrease in the amount of money in circulation. C. a drop in the price level. D. tax increases.

Economics