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 315 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
Great answer, keep it coming :)

isabelt_18

  • Member
  • Posts: 342
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

The relationship between air temperature and two measures of water vapour saturation of air. The relationship between air temperature and two measures of water vapour saturation of air.
Single-dose drug administration: pharmacokinetic values for this drug are as follows: onset of actio Single-dose drug administration: pharmacokinetic values for this drug are as follows: onset of actio
This portrait of Thomas Jefferson is considered an accurate likeness, painted when he was thirty-sev This portrait of Thomas Jefferson is considered an accurate likeness, painted when he was thirty-sev
Using a vacuum hose and a test light to ground one cylinder at a time on a distributorless ignition ... Using a vacuum hose and a test light to ground one cylinder at a time on a distributorless ignition ...
How to find the equation of a line that is perpendicular to a line passing through a point How to find the equation of a line that is perpendicular to a line passing through a point
Physics: Power, Energy and Time Physics: Power, Energy and Time
Video: Central Nervous System Animation

For a complete list of videos, visit our video library