What percentage of United States personal income in 2017 came from ownership of property?
A. 9%
B. 28%
C. 51%
D. 64%
Answer: B
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Refer to Table 2-1. Assume Dina's Diner only produces sliders and hot wings. A combination of 20 sliders and 60 hot wings would appear
A) along Dina's production possibilities frontier. B) inside Dina's production possibilities frontier. C) outside Dina's production possibilities frontier. D) at the vertical intercept of Dina's production possibilities frontier.
Personal income and payroll taxes are the largest sources of revenue for the federal government.
a. true b. false
Use a graph to demonstrate why quotas are likely to cause increased deadweight losses over time
What will be an ideal response?
A technological advance in the production of automobiles will:
A) increase the supply of automobiles. B) decrease the supply of automobiles. C) increase the demand for automobiles. D) decrease the demand for automobiles