Unproductive actions designed to increase income or wealth are known as:
a. transfer payments.
b. incorporation.
c. profit seeking.
d. income search.
e. rent seeking.
e
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How might the discount rate used in project appraisal be adjusted to account for environmental concerns? Is there a better way to address these concerns?
What will be an ideal response?
Suppose the market rate of interest is 5%. The local government imposes a tax of $40 per acre on all land located within city limits. The year after the tax is imposed, Val sells an acre of land on which she had planned to build a house. How much was Val's share of the economic burden of the tax?
a. $0. b. $40. c. $200. d. $800.
Currency held by the public plus balances in transactions accounts are the
A. Total reserves. B. Required reserves. C. Money supply (M1). D. Money supply (M2).
The payments in return for labor and capital are _____, respectively.
a. ?profit and rent b. ?rent and wages c. ?interest and profit d. ?wages and interest e. ?profit and wages