All of the following are income in kind EXCEPT
A) government provided housing.
B) government provided education.
C) tips received by a waitress.
D) goods produced in the home.
C
Economics
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Which of the following is necessary to make a trade in a barter economy?
A. Money B. Unlimited wants C. A medium of exchange D. A coincidence of wants
Economics
Exhibit 7-12 Marginal revenue and cost per unit curves
?
As shown in Exhibit 7-12, if the firm's price is OD, the firm will supply
A. zero units of output because it is unprofitable. B. X units and incur a loss. C. Y units and break even. D. Z units and make an economic profit.
Economics