There are three (3) types of income: Earned Income, Portfolio Income and Passive Income.
Earned Income - a type of income that is generated through work (e.g. salary)
Portfolio Income - These income are somewhat called "capital gains" because it is where the state gets salary taxes. This type of income is generated through selling investments in a higher price that you paid.
Passive Income - This type of income is generated through your assets that you have created. Like for instance, you bought a house and let it rent to earn an income.
Answer: F
Explanation:
An oligopoly is a market structure in which a large number of firms dominate the market.
An oligopoly is a market structure in which a large number of firms dominate the market. FALSE.
Answer:
If a purely competitive firm shuts down in the short run: it will realize a loss equal to its total variable costs.
Explanation:
Shutting down in the short run is a proactive action undertaken by competitive firm to to avoid losses.
Otherwise, if they continue production, they will accrue more losses from operating cost.
in the short run, the firm has is committed to pay spend on recurrent expenditure and even if the firm produces a quantity of zero, it would still make losses because it would still need to pay for its fixed costs such as rent and insurance,
Therefore, competitive firms shut down in the short run so that they can reduce variable costs to zero.
Answer: The correct answer is "Deflation was bad for farmers because the value of their debt stayed the same while the price of their products fell.
Explanation: Deflation was bad for farmers because the value of their debt stayed the same while the price of their products fell.
The farmers who asked for loans had to return the same nominal value that they borrowed (whose real value was higher since the price level decreased) and lowering the price of the products they sold obtained less profit margin.
A success biologist main interest area would be biology