Which is the largest category of income in the United States?
A) self-employment income
B) corporate profits
C) employee compensation
D) net interest income
E) none of the above
C
Economics
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What is the law of diminishing marginal utility?
What will be an ideal response?
Economics
If firms in a monopolistically competitive industry are making profits in the short run, then
A) barriers to entry will be erected to keep out rivals. B) some firms will ultimately exit the industry. C) they will resort to advertising wars to help sustain these profits. D) new firms will enter the market.
Economics