Total income in the United States is comprised of
a. wages only.
b. wages and fringe benefits only.
c. rents, profits, and interest payments only.
d. wages, fringe benefits, rents, profits, and interest payments.
d
Economics
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If a dollar is initially valued at 10 Swiss francs and its value changes to 12 Swiss francs, then the value of a Swiss franc (in terms of dollars) has
A. increased only if the demand for Swiss francs has increased. B. remained the same. C. increased. D. decreased.
Economics
Susie doesn't buy ice cream this week at the grocery store because she intends to start a diet in a few days. Her behavior is an example of:
A. positive framing. B. the endowment effect. C. status quo bias. D. a commitment device.
Economics