When considering the factor distribution of income, into whose income would corporate profits be included?
A. Owners of physical capital
B. Workers.
C. Proprietors
D. Owners of human capital
Answer: A
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Blue pens and black pens are close substitutes. The cross elasticity of demand for black pens with respect to the price of blue pens is ________
A) positive B) negative C) equal to 1 D) zero
The margin requirement set by the Federal Reserve is the
A) proportion of the purchase price of a security that an investor must pay in cash. B) difference between the interest rate banks may charge on loans and the interest rate they receive from deposits. C) same thing as the required reserve ratio on deposits. D) difference banks must maintain between the value of their assets and the value of their liabilities.
A price floor does not benefit producers
a. True b. False Indicate whether the statement is true or false
While the classical economists believe that the only demand for money is the transactions demand, the Keynesians believe that there is also a
a. precautionary demand and a speculative demand for money b. precautionary demand and a velocity demand for money c. speculative demand and a velocity demand for money d. speculative demand and a quantity demand for money e. precautionary demand and a spending demand for money