Illustrations of individuals engaged in productive activity

Illustrations of individuals engaged in the productive activities would not comprise a: (1) Speculator who purchases wheat at harvest time and vends it at a higher price afterward. (2) Trucker who hauls the grain from North Dakota to the flour mill in Minneapolis. (3) Realtor who helps a family sells its home at the time when they are moving out of state. (4) Politician who effectively sponsors legislation to simplify the income tax laws. (5) Student watching TV rather than studying, and then flunking out of the school.

Find out the right answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : Marginal revenue of individual

For an individual price-taker firm, marginal revenue is: (w) another term for profit. (x) constant and equal to price. (y) less than price. (z) negatively sloped. I need a good answer on the topic

Q : Output produced by profit maximizing

A profit maximizing monopolist produces output where: (i) MR = MC as long as the corresponding price exceeds average variable costs [P>AVC]. (ii) marginal revenue minus marginal costs [MR - MC] is maximized. (iii) price minus average cost is maximi

Q : Labor Union History Can someone please

Can someone please help me in finding out the accurate answer from the following question. Preceding to the AFL-CIO merger in the year 1955: (i) AFL was an alliance of the industrial unions. (ii) The CIO was an alliance of the craft unions. (iii) Strikes over which un

Q : Financial investments-traceable by most

Most of the U.S. capital investment is traceable to the financial investments by households, that is one way that private individuals: (i) Turn into capitalists. (ii) Save. (iii) Evade taxes. (iv) Avoid the circular flow of resources and income.

Q : Concept of Production Possibilities

The Production possibilities frontiers describe the concepts of: (1) A trade-off between inflation and unemployment. (2) Positive economics versus the normative economics. (3) Scarcity, opportunity costs, and reducing returns. (4) Absolute advantages

Q : Price elasticity of supply while the

If John Whittler can sell totem poles for $1,800 at all, he markets 60 yearly, but while the price falls to $600 apiece; in that case he is willing to sell only 24 yearly. His price elasticity of supply is: (w) 0.43. (x) 0.86. (y) 1.62. (z) 2.48.

Q : Under negative income tax the net income

Under the negative income tax system demonstrated in this figure, where a family of four all along with earned income of $60,000 yearly would have a net [after-tax] income of: (1) $37,500 per year. (2) $42,500 per year. (3) $50,000 per year. (4) $55,0

Discover Q & A

Leading Solution Library

Avail More Than 1414645 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1936855
Asked

3,689

Active Tutors

1414645

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment