Earnings received from wealth:
A. Contribute to income inequality
B. Are the major source of income for families
C. Are becoming more equal in the society
D. Are primarily the result of advanced education
A. Contribute to income inequality
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Prices of money market instruments undergo the least price fluctuations because of
A) the short terms to maturity for the securities. B) the heavy regulations in the industry. C) the price ceiling imposed by government regulators. D) the lack of competition in the market.
A local restaurant offers an "all you can eat" barbeque special. You pay $9.00, and then you can eat as many servings as you desire at no additional cost. It would follow that you will stop eating when
a. your marginal utility (or value) derived from eating another serving is zero. b. your total utility (or value) derived from all of the servings consumed just equals $9.00. c. your marginal utility (or value) derived from another serving equals $9.00. d. it is physically impossible for you to eat any more.
Which of the following is an implicit cost of production?
A) interest paid on a loan to a bank B) wages paid to labor plus the cost of carrying benefits for workers C) the utility bill paid to water, electricity, and natural gas companies D) rent that could have been earned on a building owned and used by the firm
It depicts an economy in the:
Refer to the graph above.
A. Immediate short run
B. Short run
C. Immediate long run
D. Long run