According to the income approach, the largest component of national income is:
a. government spending.
b. proprietor's income.
c. net interest.
d. personal consumption expenditures.
e. compensation of employees.
e
Economics
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When a person responds to a neutral stimulus ________ is being used.
a. classical conditioning b. operant conditioning c. extrinsic reinforcer d. intrinsic reinforcer
Economics
The Ricardian two-country two-good model predicts that there are potential benefits from trade, but NOT
A) the effect of trade on income distribution. B) the mechanism that determines which country will specialize in which good. C) when one country has an absolute advantage in the production of both goods. D) when one country has significantly lower wages than the other country. E) when both countries have the same types of technology available.
Economics