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Author Question: Which of the following is likely to be an unreported economic activity? A) the brokerage fees ... (Read 66 times)

jayhills49

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on: Jun 29, 2018
Which of the following is likely to be an unreported economic activity?
 
  A) the brokerage fees paid to a broker at Merrill Lynch
  B) the purchase of shares of stock in Walgreen's Pharmacy
  C) a 250,000 bonus paid to the CEO of a company
  D) tips paid to a taxi driver
  E) the minimum wage paid to a teenager working at a McDonald's

Question 2

As the price level rises relative to costs and the real wage rate falls, profits ________ and the number of firms in business ________.
 
  A) decrease; increases
  B) decrease; decreases
  C) increase; decreases
  D) do not change; do not change
  E) increase; increases


bdobbins

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

D

Answer to Question 2

E


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