The major determinant of an individual's income is
a. his personality-if the coworkers and the boss like him.
b. if he earns a salary or if he is paid by the hour.
c. how productive he is combined with demand for what he produces.
d. whether or not his family is wealthy
c. how productive he is combined with demand for what he produces.
You might also like to view...
We say that the economy is at full employment if the unemployment rate is equal to
A) the amount of cyclical unemployment. B) the sum of structural and cyclical unemployment. C) the natural rate of unemployment. D) the sum of frictional and cyclical unemployment. E) zero.
Refer to Figure 29-1. Italians cut back on smoking and cut their demand for American cigarettes in half. Assuming all else remains constant, this would be represented as a movement from
A) A to D. B) D to C. C) B to C. D) B to A.
In Moscow in 1989, what were taxi drivers using as a medium of exchange?
A) Russian rubles B) Marlboro cigarettes C) gold coins D) caviar
The rule of reason originated in the __________________ case of 1920.
Fill in the blank(s) with the appropriate word(s).