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Ch.16 - 0(0 out of 50 correct 1 The functional distribution...

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0% (0 out of 50 correct) 1. The functional distribution of income refers to the: A. division of income between personal taxes, consumption expenditures, and saving. B. division of income on the basis of industry sources, for example, agriculture, transportation, mining, etc. C. distribution of income to basic resource classes, that is, wages, rents, interest, and profits. D. way income is distributed among specific households or spending units. 2. The largest functional share of the national income consists of: A. wages and salaries. B. interest and rental income. C. proprietors' income, that is, the income of unincorporated businesses. D. corporate profits. 3. A group of chain stores operating at, say, the retail level--for example, J.C. Penney or Kmart--is an illustration of: 4. A firm which owns plants at many different stages in the production process--for example, a steel producer which owns coal and ore mines, coke
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ovens, rolling mills, and so forth--is an illustration of: 5. The "separation of ownership and control" in a corporation means that: 6. The U.S. economy is called "mixed capitalism" because: A. the products of many business enterprises are used partly by businesses and partly by consumers. B. the answers to the Five Fundamental Questions are to some extent determined by government and partly by private individuals and businesses. C. the capital of most business enterprises is furnished from Federal funds. D. a large percentage of business enterprises are jointly owned by government and private business. 7. The Pure Food and Drug Act is an illustration of:
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