1a) Families primarily receive income from: a. Resource earning and transfer pay

Question

1a) Families primarily receive income from:

a. Resource earning and transfer payments

b. Transfers and subsidies

c. Only wages ad rents

d. Transfers and grifts

e. Interests and dividends

1b) It is not likely that farm price supports will be replaced by direct transfer payments to farmers because:

a. Direct transfer payments aimed at preserving the family farm raise the costs of entry

b. Direct transfer payments would attract public attention and threaten the survival of the program

c. There us a deadweight loss to society in the case of direct transfer payments

d. Direct transfers would benefit only the large farmers in proportion to their volume and efficiency

e. Prices seek the market level which is very high in the case of direct transfer payments

1c) If a firm sells its shares to the public, it share price tends to:

a. Fluctuate inversely with the profit prospects of the company

b. Fluctuate inversely with the dividend payout of the company

c. Fluctuate directly with the dividend payout of the company

d. Fluctuate directly with the profit prospects of the company

e. Fluctuate inversely with the number of years it has been in the stock exchange

1d) Most consumers consider the process of gathering information on a product off service

a. Irrational

b. Unproductive work

c. Market work

d. Nonmarket work

e. Costless

Explanation / Answer

a) As all the options given here gives some form of income to a family. But primarily a family earns his income from

"Wages and rent". Sot the correct option is "C".

b) Direct payments aimed at preserving the family farm raises the cost of entry. Any new farmer looking to do some agriculture activity will not get that benefits which the farmers are already getting, this will make his products costlier and his initial cost of farming will be very high. The correct answer to this question is "A".

c) The correct answer to this question is "D". The price of the shares depends on the expectations if the expectations are high the prices will go up. If the expectations are low the prices will fall.

d) the correct answer to this question is "B". Most of the consumers consider gathering information on a product off service as unproductive work.

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.