The functional distribution of income measures which of the following?
A) the distribution of income among households
B) how federal tax revenues are related to the business function that employs taxpayers
C) the proportion of income generated by the four types of expenditures on goods and services
D) the distribution of earnings by the factors of production
E) the distribution of income among nations
D
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Estimations of demand are used as input in this type of scenario:
A. understanding the demand for oil in order to impose a new oil import tax. B. understanding automobile demand to decide whether to offer below-market-rate loans for new cars. C. as input into a firm's decision-making process. D. all of the above
Given the information in the table above. If these two countries trade these two goods in the context of the Ricardian model of comparative advantage, then what is the lower limit of the world equilibrium price of widgets?
What will be an ideal response?