Most of the money income that Americans receive annually derives from ownership of
A) interest-bearing bank accounts.
B) personal attributes.
C) political influence.
D) real estate.
E) stocks and bonds.
B
Economics
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Suppose an MP3 player sells for $75 in the United States and 50 pounds in Britain. Which exchange rate is consistent with purchasing power parity?
a) 1.50 pounds for $1. b) 1 pound for $1.50. c) 3 pounds for $1. d) 1 pound for $1.
Economics
The figure above shows the demand and cost conditions for a firm with two plants. In order to maximize profit, how many units of output should the firm produce?
A. 10 B. 20 C. 30 D. 40 E. 50
Economics