The $4,500 you earned last year in dividend payments is an example of ________ income.
A. transfer
B. human capital
C. inheritance
D. property
Answer: D
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A time-series graph showing total production in Japan from 1960 to 2010 shows a positive trend. It is the case that total production
A) fell every year between 1960 and 2010. B) rose every year between 1960 and 2010. C) was lower in 2010 than in 1960. D) was higher in 2010 than in 1960.
The college textbooks market is an example of
A) perfect competition. B) oligopoly. C) monopoly. D) monopolistic competition.
Supply-side economics emphasized government policies to: a. restrict aggregate spending and boost aggregate supply
b. increase minimum wage to improve labor productivity. c. stimulate real GDP by improving incentives to work. d. lower interest rates to boost saving. e. increase government tax revenues in order to increase government purchases.
Suppose a new contracting environment that requires greater specialized investments is considered. This new contract will result in:
A. a decrease in the marginal benefit and a shorter optimal contract. B. a decrease in the marginal benefit and a longer optimal contract. C. an increase in the marginal benefit and a longer optimal contract. D. an increase in the marginal benefit and a shorter optimal contract.