--%>

Personal distribution of income

Select the right ans wer of the question. The personal distribution of income refers to the: A) division of income between personal taxes, consumption expenditures, and saving. B) division of income on the basis of industry sources, for example, agriculture, transportation, and mining. C) distribution of income to basic resource classes, that is, wages, rents, interest, and profits. D) way income is distributed among specific households or spending units.

   Related Questions in Microeconomics

  • Q : Distorted competitive workings of the

    The competitive workings of the market for soy beans would be distorted when: (1) Europe experiences a severe drought and has paltry harvests this year. (2) Ethiopia imports soy beans to feed its hungry masses. (3) the U.S. imposes a soy bean embargo forbidding export

  • Q : Perfect price elasticity in the short

    In a purely competitive industry, it tends to be perfect price elasticity within the short run: (w) market demand curve. (x) market supply curve. (y) demand for the good by a single consumer. (z) demand curve facing a single firm.

  • Q : Signals of economic profits to

    Economic profits are: (1) signals which, for efficiency, more resources must be moved into an industry. (2) rewards to successful innovators. (3) capitalized as wealth when they can be expected over time. (4) a residual to a firm's owners for bearing

  • Q : Annual total revenue of production When

    When Prohibition Corporation maximizes profit in its production of St. Valentine’s Day software, so annual total revenue of it will be around: (1) $140 million. (2) $250 million. (3) $320 million. (4) $420 million. (5) $1 billio

  • Q : Demand and supply problem Assume that

    Assume that the demand for jeans rises. At similar time, since of an increase in price of cotton, the supply of jeans reduces. How will it influence the price and amount sold of jeans?

    Q : Earning income under negative income tax

    Under the negative income tax system demonstrated in this figure, a family of four along with earned income of $15,000 yearly would have a net [after-tax] income of: (i) $30,000 per year. (ii) $27,500 per year. (iii) $25,000 per year.

  • Q : Changing in strategy and behaviour

    Within the kinked demand curve model, when one firm: (1) advertises better quality, its rivals will do nothing. (2) raises its price, its rivals will also increase prices. (3) increases its output level, when its rivals will do nothing. (4) lowers its

  • Q : Market power as a price maker The only

    The only firm in this figure which has market power as a price maker is: (w) Firm A. (x) Firm B. (y) Firm C. (z) Firm D.

    Q : Typical production possibilities curve

    Evaluate which one is not correct? A typical production possibilities curve: A) indicates how much of two products a society can produce. B) reveals how much each additional unit of one product will cost in terms of the other product. C) specifies how much of each pro

  • Q : Problem on Analysis Paralysis Consumers

    Consumers confronting huge arrays of choices whenever they contemplate choosing one brand of toothpaste out of 50, or whether to purchase pulp-free, not-from-concentrate orange juice, calcium-fortified, or the extra-pulp, non-calcified, from-concentrate version, frequ