Over the past fifty years, the proportion of women in the workforce has ______.
a. increased dramatically
b. increased slightly
c. remained steady
d. decreased slightly
a. increased dramatically
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When you use a credit card to pay your tuition,
A) you've used the credit card as money because it is a means of payment. B) the credit card is not money but is an ID card for an instant loan. C) the credit card is not money because it involves an electronic transaction. D) the credit card is not money because it is not officially issued by the government. E) you've used the credit card as money because you received something in return.
Once the profit-maximizing output where MR = MC is determined, price is set by
A. adding a standard markup percentage to marginal cost. B. the demand curve. C. making it equal to MR = MC. D. subtracting the marginal cost from total revenue.
Which of the following is an implicit cost of going to college?
a. tuition and fees b. books, computer equipment c. income lost from not being able to work full time d. future income e. room and board
Transfer payments are part of personal income but not national income because
A. National income is a receipts concept. B. They are a payment for which no goods or services are exchanged. C. They represent a payment to factors of production. D. Personal income is an earnings concept.