An example of income that is earned but not received is
a. Social Security payments
b. unemployment compensation
c. rental income
d. retained corporate earnings
e. indirect business taxes
D
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Ethanol (E10) refers to
a. an alternative fuel that includes 10 units of MTBE b. the fuel commonly called gasohol c. a fuel comprised of 10 percent ethanol and 90 percent gasoline d. all of the above e. (b) and (c) only
The firm in the figure above is ________ that is equal to ________
A) making an economic profit; $5.14 × 7 B) making an economic profit; $3.00 × 7 C) incurring an economic loss; $5.14 × 7 D) incurring an economic loss; ($5.14 - $3.00 ) × 7 E) making an economic profit; ($5.14 - $3.00 ) × 7
A drop in Durable Goods Orders should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
Which of these is not a beneficial supply shock?
a. An abundant harvest that increases food supplies b. The discovery of natural resources c. Reductions in business taxes d. Technological advances e. Establishment of the Occupational Safety and Health Administration (OSHA)