Which is the largest category of income in the United States?
A) self-employment income
B) corporate profits
C) employee compensation
D) net interest income
E) none of the above
C
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Crowding out can occur when a government budget ________ raises the real interest rate and the equilibrium quantity of investment ________
A) surplus; increases B) deficit; increases C) surplus; decreases D) surplus; does not change E) deficit; decreases
Explain the role of risk and uncertainty in an analysis of the economic behavior of peasant farmers. What kinds of questions does this analysis enable us to answer?
What will be an ideal response?
Suppose you put $500 in your savings account and earn 4% interest per year. How much will you have in your account after two years? Be sure to round off to the nearest cent
What will be an ideal response?
Software companies continually work to develop new features of their products that make it easier for users to interact and share their work
As more of these features are embedded in the software, what happens to the individual demand curve for the software products? A) Demand curve becomes more elastic due to the bandwagon effect B) Demand curve becomes less elastic due to the snob effect C) Demand curve shifts, but its degree of elasticity does not change D) There is no change in the individual demand curve