--%>

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 : Pricing for profit-car parking The

    The owner of a city centre car park desires to know the best price to charge for parking throughout office hours on weekdays. On a usual weekday, the car park is at present only half full.

  • Q : Oligopolistic markets in equilibrium

    Oligopolistic markets in equilibrium are described by: (w) a large number of sellers of homogeneous output. (x) monopolistic sellers dealing along with only some buyers. (y) a small number of sellers of close substitutes. (z) socially optimal amounts

  • Q : Labor Contracts and Shop Agreements

    From the point of view of management, the favored union membership ranking (that is, most favored to least favored) would be: (i) Closed shop, union shop, agency shop and open shop. (ii) Open shop, agency shop, union shop and closed shop. (iii) Agency shop, open shop,

  • Q : Skill of dividing the labor work

    Whenever Janet and Bob realize that Janet is a better cook and Bob is better at cleaning the lawn, dividing such chores up according to skill is known as: (1) Gains from trade (2) Brute force allocation (3) Division of labor (4) Affirmative action.

    Q : Minimizes losses and maximizes profits

    When Firm B in demonstrated graph successfully minimizes losses and maximizes its profits that have: (1) covered overhead while incurring short-run economic losses. (2) potential economic profit of Pbgh per period. (3) total costs equal to 0phq2. (4)

  • Q : Price increment for higher total revenue

    A price increase for Pixie’s cheesy fried grits by P1 to P2 would yield higher total as: (w) revenue because demand is price elastic. (x) supply since demand is unitarily elastic. (y) revenue since demand is price inelastic. (z) use of the

  • Q : Determine price elasticity coefficient

    In below this demonstrated figure, there demand curve: (w) D0D0 is perfectly price-inelastic. (x) DD is perfectly price-elastic. (y) DD has a price elasticity coefficient of unity (1). (z) D0D0 has a price e

  • Q : Most efficient technology at the lowest

    When all goods are produced in highly competitive markets as well as there are no externalities, goods tend to be manufactured: (i) relatively inefficiently. (ii) along with the most efficient technology at the lowest price. (iii) along with maximum p

  • Q : Determine total revenue by quantity and

    In this demonstrated figure, the total revenue: (w) varies inversely along with price in range b. (x) is minimized at the midpoint of the demand curve. (y) remains unchanged like price changes within range b. (z) will raise as price falls within range

  • Q : Capitalization in expected income

    Capitalization is the process whereby wealth is produced and after that recognized when: (1) financial institutions transform households’ saving in economic investment. (2) asset prices are adjusted through market forces to reflect the present v