The vertical distance between the average variable cost curve and the average total cost curve equals average fixed cost

An example of direct finance would be when

A) a person purchases a certificate of deposit from a bank. B) a person buys a life insurance policy. C) a person buys 100 shares of stock from a corporation. D) a bank makes a loan to a customer.

The distribution of income in a market economy is primarily determined by differences in

a. effort and sacrifice and intelligence with the most important factor being intelligence since human capital is a resource b. the level of needs of the average or median income individual when selling her labor c. resource ownership and the value that resources buyers place on the resources that are sold in the marketplace d. the level of government intervention in the economy as it relates to job openings e. the amount of time that an individual spends working and the intensity of this effort