In the United States, the productive factor that, as a group, receives the largest fraction of the nation's total income is

A) labor.
B) consumption goods and services.
C) land.
D) entrepreneurshi

A

Economics

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At the break-even point for the consumption function

A) saving is positive. B) saving is zero. C) saving is negative. D) the marginal propensity to consume equals l.

Economics

The figure above provides information for a factory that produces chemicals that pollute a waterway. The waterway is used by water skiers. If the waterway is owned by a water ski club and the Coase theorem applies, then the factory will produce ________ tons of chemicals a week.

A) 1 ton B) as many tons as possible C) 3 tons D) 5 tons

Economics