The largest part of national income is: # randomize
A. Consumption
B. Investment
C. Saving
D. Transfer payments
Answer: A) Consumption
Explanation:
Largest part of National Income is Consumption. The remaining part consists of Investment, Transfer Payments ,etc.
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Suppose Toyota produces 100,000 cars per year at its California plant at an average cost of $6,000 and it doubles output and total costs by building an identical plant in Kentucky. Toyota has exhibited
a. diminishing marginal returns b. economies of scale c. constant average costs d. an upward-sloping planning curve e. production inefficiency
Choice architects are likely to make program participation:
A. lower, even if they frame it positively. B. the default rule if they want low enrollment. C. the default rule if they want high enrollment. D. the status quo in order to entice high enrollment.
If planned investment is ________ to changes in the interest rate, the planned investment schedule is horizontal.
A. positively related B. perfectly unresponsive C. perfectly responsive D. negatively related
A rent ceiling is
A) fair, because it helps all renters. B) fair, because it insures that low-income families can rent apartments. C) fair, because it helps all landlords. D) unfair. E) fair, because it helps more renters than it harms.