The distribution of income in a market economy is determined by
A. the level of employment and prices of the factors of production.
B. the prices of factors of production.
C. largely unknown forces, which economists seek to discover.
D. decisions of government offices related to distribution.
Answer: A
Economics
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Based on the production data for Pat's Pizza Parlor in the above table, which of the following pair of workers have the same average product?
A) 1 and 2 B) 2 and 4 C) 1 and 5 D) 2 and 5
Economics
If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $1000 billion, and excess reserves total $1 billion, then the excess reserves-checkable deposit ratio is
A) 0.01. B) 0.10. C) 0.001. D) 0.05.
Economics