Most of the total income earned in the U.S. economy is ultimately paid to
a. landowners in the form of rent.
b. owners of capital in the form of interest.
c. households in the form of wages and fringe benefits.
d. households in the form of welfare, disability, and Social Security payments.
c
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Which type of bond would you purchase if you expected higher rates of inflation during the life of the bond?
A) Treasury bond B) TIPS C) corporate bond D) municipal bond
The price-taker firm should discontinue production immediately if:
A. the market price exceeds the firm's average total costs. B. the market price is less than the firm's average variable costs. C. the market price is less than the firm's average total costs, but greater than its average variable cost. D. its accounting statement indicates that it is suffering losses.