All of the following are income in kind EXCEPT

A) government provided housing.
B) government provided education.
C) tips received by a waitress.
D) goods produced in the home.


C

Economics

You might also like to view...

Distinguish between a change in demand and a change in quantity demanded

What will be an ideal response?

Economics

Suppose that the cross price elasticity of demand between good X and good Y is -1.55. This indicates that the two goods are

A) substitutes. B) complements. C) both inferior. D) completely unrelated in the minds of consumers.

Economics

Which of the following would lead to an increase in the supply of Russian rubles?

a. An increase in the dollar price of the ruble b. An increase in Russian GDP c. An increase in the U.S. price level relative to the Russian price level d. A decrease in the dollar-ruble exchange rate e. Expectation that the price of the ruble will rise.

Economics

If total spending is greater than the value of output, firms will

a. cut prices. b. decrease production levels. c. tend to raise prices. d. see inventories rise.

Economics