This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Wealth differs from income in that A) income measures value at a point in time and wealth ... (Read 209 times)

Capo

  • Hero Member
  • *****
  • Posts: 545
on: Jun 29, 2018
Wealth differs from income in that
 
  A) income measures value at a point in time and wealth measures value over a period of time.
  B) income measures value over a period of time and wealth measures value at a point in time.
  C) income is what you own and wealth is what you earn.
  D) wealth can be measured in dollars and income cannot.

Question 2

If Sam decides to work, his
 
  A) reservation wage is greater than his wage rate.
  B) reservation wage is less than his wage rate.
  C) value of marginal product is greater than his wage rate.
  D) value of marginal product equals his wage rate.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

eliasc0401

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Capo

  • Member
  • Posts: 545
Reply 2 on: Jun 29, 2018
Gracias!

jordangronback

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Evaluation measures to determine the success of goals Evaluation measures to determine the success of goals
An Estimate of the Time of Global Peak Conventional Oil Production An Estimate of the Time of Global Peak Conventional Oil Production
For a time Dr. Seuss—Theodor Seuss Geisel—drew political cartoons. This one, published in ... For a time Dr. Seuss—Theodor Seuss Geisel—drew political cartoons. This one, published in ...
When young infants hold objects for a long period of time they eventually become habituated to them. When young infants hold objects for a long period of time they eventually become habituated to them.
A spherical water tank with an inner radius of 4 m has its lowest point 3 m ... A spherical water tank with an inner radius of 4 m has its lowest point 3 m ...
Surtsey, a volcanic island, during the time of its formation. Surtsey, a volcanic island, during the time of its formation.
Video: The Hypothalamus: The Body's Thermostat (Human Thermostat)

For a complete list of videos, visit our video library