Which of the following is included in personal income but not in national income?
a. Corporate profits
b. Social Security payments
c. Compensation for workers
d. Proprietors' income
b
Economics
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Firms that have downward-sloping demand curves:
a. earn positive economic profits even in the long run. b. produce homogeneous products. c. operate in a perfectly competitive market structure. d. enjoy monopoly or market power. e. are price takers.
Economics
How does the politics of farm policy explain why costly and expensive farm programs have persisted in the United States despite a decline in the farm population and in the political power of the farm vote?
What will be an ideal response?
Economics