Income in kind is defined as
A) income received in the form of a paycheck.
B) payment for services in the form of cash.
C) tips.
D) income received in the form of goods and services.
Answer: D
Economics
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If a firm that makes $100 profit per pair of shoes pays LeBron James $2,000,000 to endorse their basketball shoes, then to make the endorsement pay off they must sell at least:
A. $2,000,000 more in shoes. B. $20,000 more in shoes. C. 20,000 more pairs of shoes. D. 200,000 more pairs of shoes.
Economics
Which of the following is an effect of a minimum wage law that establishes a wage floor above the current market clearing wage?
A. a decrease in the quantity of labor supplied B. surplus labor, or unemployment C. a decrease in the market clearing wage D. an increase in the supply of labor
Economics