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Author Question: Wealth differs from income in that A) income measures value at a point in time and wealth ... (Read 310 times)

Capo

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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.


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eliasc0401

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Capo

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

bblaney

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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