The Haig-Simons definition of income includes
A. employer pension contributions and insurance purchases.
B. transfer payments.
C. income in-kind.
D. all of these answer options are correct.
D. all of these answer options are correct.
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For the past 40 years the Federal Reserve has expressed policy in terms of a target value for:
A. open market operations. B. bank reserves. C. the Federal Reserve discount rate. D. the federal funds rate.
Assume you have an income of $200 and you can only purchase two goods – good A and good B
If the price of good A and B are $1 and $2 how much of each good can purchase? Assume that the price of good A falls why would you now consider not only consuming more of good A but also more of good B? What's going on that might cause this behavioral response?
What is the percentage of income received by the upper two quintiles on line K?
Wendy is willing to pay $50 for a concert ticket and Bruce would like to receive $25 . If the market price is $40 for this transaction, then the total surplus would be $15
a. True b. False Indicate whether the statement is true or false