One of the two reasons why we are driven to buy and sell goods and services in the market is that most of us are incapable of producing everything we want to consume.
Answer the following statement true (T) or false (F)
True
Individuals have an absolute inability to produce all the things we need and desire.
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Stockholders normally obtain higher expected payments than bondholders because
A. they are required by law to obtain a higher return. B. they face higher risk. C. the profit share declared as stock dividends is not taxable. D. they vote themselves higher returns.
The employment-population ratio is
a. percentage of the population unemployed b. percentage of the population employed c. the same as the unemployment rate d. always greater than 1 e. percentage of the population employed by the private sector.
Which of the following states had the highest incidence of union membership as a percent of all wage and salary workers in 2012?
a. New York, Hawaii, and Alaska b. South Carolina, North Carolina, and Mississippi c. Arkansas, North Carolina, and Texas d. California, Florida, and Georgia
Which one of the following is an example of the circular flow model and shows the interdependence of households and firms?
A. Households demand their resources from the firms in the factor markets and, in turn, supply in the product market the goods and services produced by firms. B. The firms go to the resource market to supply resources that households demand and, in turn, provide households with the goods and services produced for the product markets. C. Households supply their resources to the firms in the factor markets and, in turn, demand in the product market the goods and services produced by the firms. D. The firms in the factor markets pay to households in the form of wages, interest, rent and profit?for resources demanded.