An example of income earned but not received is O a. welfare payments. O b. consumption. Ocundistributed profits. O d. Social Security payments.
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An example of income earned but not received is O a. welfare payments. O b. consumption. Ocundistributed profits. O d. Social Security payments.
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- Households sell their in the market. They then use their income to buy in the market. O A. factors of production; goods; goods; factor O B. goods; factor; factors of production; goods O C. goods; goods; factors of production; factor O D. factors of production; factor; goods; goodsInterest Rate 0 Multiple Choice A BC Quantity Refer to the diagram. Suppose that the demand for loanable funds is D₁ and the supply of loanable funds initially is St. If the demand for loanable funds Increases to Do, the equilibrium interest rate will Multiple Choice O increase from E to F. upply of loly. Refer to the diagram. Suppose that the demand for loanable funds is D₁ and the supply of loanable funds initially is St. If the demand for loanable funds increases to Do, the equilibrium interest rate will increase from E to F increase from F to G. Do decrease from G to F. D₁ increase from A to B25 of 38 Jill works as a computer specialist for a local manufacturing firm. If Jill receives a raise in her hourly wage and decides she would like to increase her hours of work, we know that: O A. her income effect is greater than her substitution effect. O B. her substitution effect is greater than her income effect. O C. her income and substitution effect reinforce each other. O D. her income and substitution effects are equal. Unsure
- The functional distribution of income shows the distribution of income among and the personal distribution of income shows the distribution of income among O A. firms; households according to age O B. fims and households; individuals O C. factors of production; job type O D. factors of production;, households O E. different types of workers; households according to locationWhich of the following statements is false? o A. The difference between the substitution effect and income effect of a wage increase does not depend on the shape of the indifference curves. OB. If the wages rise, it is possible to observe both the substitution and income effects. O C. A reservation wage is the wage below which a person will not work in the labour market. O D. Other things equal, people who are working longer hours will exhibit higher income effects when wage rates change.Which type of unemployment is experienced by an individual who has just finished completing his college degree? a. Frictional O b. Natural O c. Cyclical d. Structural
- The largest component of gross domestic income is Select one: a. interest payments. O b. wages. O C. profits. O d. taxes.Education is related to income, in general. O True O FalseThe level of economic activity is calculated using the income method by O A. tracking the flow of funds from firms to the owners of the factors of production. OB. summing labor income and capital income C. adding together the income payments received by the various agents in the economy O D. all of the above. O E. A and C only
- The government raises taxes on wages by 20% and splits the money evenly across households as "free money" such that the average household gets back what it paid extra in taxes. In a household where the dollars collected by the 20% added tax initially equals the dollars received as free money, their work hours are likely to Select one: O A. decrease. O B. increase. OC. increase if the income effect dominates the substation effect. O D. remain unchanged.Q-4 Suppose that Kaleed’s income 1800 RO. And he purchased 30 units of goods y that cost 30 RO per unit. Calculate how many units Kaleed can buy of product X when it costs 20 RO.National Income 700 Personal income taxes 154 Other income not paid out 44 Corporate profits tax 50 Undistributed corporate profits 32 Government transfer payments 100 Refer to the table above to answer the following question. What is the value of personal income? O a. 654 O b. 590 O c. 690 O d. 674
