Caleb teaches economics at Happy State University and is paid $50,000 per year.He also provides economic forecasts for local businesses for which he charges $100 per hour.Which of the following is true?
A) All of Caleb's income is salary.
B) Some of Caleb's income is salary and some is personal interest
C) All of Caleb's income is proprietor's income.
D) Some of Caleb's income is salary and some is proprietor's income.
E) All of Caleb's income is personal interest.
Correct Answer:
Verified
Q3: Households act as suppliers when they provide
A)goods
Q4: The term "utility" means
A)satisfaction
B)a low-valued good
C)productivity
D)adaptability
E)efficiency
Q8: The objective of the household is to
A)maximize
Q9: Rationality in the household decision-making process means
Q11: Households act as demanders when they demand:
A)that
Q13: Which of the following is a result
Q15: Which of the following is an example
Q17: Harold,a delivery man,washes and irons his own
Q19: In the United States since World War
Q19: Roxanne and Eileen live in an apartment
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