Proprietary income refers to:
A. revenue flowing to the government from taxes.
B. money borrowed by the government to finance its operations.
C. revenue generated by government-run businesses.
D. transfer payments from the government to the owners of property resources.
Answer: C
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What will be an ideal response?
Sarita can bake either a combination of 25 cakes and 15 pies or a combination of 10 cakes and 20 pies. If she now bakes 10 cakes and 20 pies, what is the opportunity cost of baking an additional 15 cakes?
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