Which of the following is not an autonomous determinant of consumption expenditures?

a. real wealth
b. the interest rate
c. tastes and preferences
d. current disposable income


d

Economics

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If an industry is made up of five identical firms, the four-firm concentration ratio is

A) 5%. B) 20%. C) 80%. D) 100%.

Economics

Use the above graph to answer question about the labor resource market faced by producers of good X. What will shift D1 to D2?

Economics

The personal income tax varies as GDP changes

a. True b. False Indicate whether the statement is true or false

Economics

A system of allocating scarce goods and services using some criteria other than price:

a. rationing b. price floor c. excess demand d. surplus e. equilibrium

Economics