Which of the Following Is Likely to Be an Unreported

question 130

Multiple Choice

Which of the following is likely to be an unreported economic activity?

• A) a $25,000 bonus paid to the CEO of a company
• B) tips paid to a taxi driver
• C) the minimum wage paid to a teenager working at a McDonald's
• D) the brokerage fees paid to a broker at Merrill Lynch
• E) the purchase of shares of stock in Walgreen's Pharmacy

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Definitions:

Conspicuous Consumption

The spending of money on and the acquisition of luxury goods and services to publicly display economic power and social status.

Redistributive Networks

Economic systems in which goods are collected from the community and then distributed back to members by a central authority.

Agricultural Life

A lifestyle or society that is primarily based on farming and the cultivation of land for food production.

Fixed Settlements

Communities where people live in permanent structures and maintain continuous residence in the same location over long periods.