« previous next »

Author Question: Refer to Figure 23-2. If the U.S. economy is currently at point K, which of the following could ... (Read 32 times)

anshika

  • Hero Member
  • *****
  • Posts: 510
on: Jun 29, 2018
Refer to Figure 23-2. If the U.S. economy is currently at point K, which of the following could cause it to move to point N?
 
  A) Household wealth declines.
  B) The price level in the United States falls relative to the price level in other countries.
  C) The interest rate rises.
  D) Congress abolishes investment tax incentives.

Question 2

What is the marginal productivity theory of income distribution?
 
  What will be an ideal response?
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


macagnavarro

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

The marginal productivity theory of income distribution concludes that each individual's income is determined by the marginal productivity of the factors of production (such as labor, capital, and natural resources) that the individual owns.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Male tule elk in Point Reyes Male tule elk in Point Reyes
Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four
Label the four mutated DNA segments shown below according to the type of point mutation each ... Label the four mutated DNA segments shown below according to the type of point mutation each ...
Some ignition coils are electrically connected, called married (top figure), whereas others use ... Some ignition coils are electrically connected, called married (top figure), whereas others use ...
Mobilize knuckles with figure-8s. Turn the hand so palm faces the table. Grasp the proximal phalange ... Mobilize knuckles with figure-8s. Turn the hand so palm faces the table. Grasp the proximal phalange ...
Identify the junction nodes in the circuit shown in Figure 21-1. Identify the junction nodes in the circuit shown in Figure 21-1.
Video: Hormonal feedback loop components

For a complete list of videos, visit our video library