Your real disposable income is your real income after you have paid
A. rent and food expenses.
B. depreciation expenses.
C. taxes less subsidies.
D. consumption expenses.
Answer: C
You might also like to view...
As the circular flow model points out, a choice that households make is how
A) many resources a firm will hire. B) many goods and services are produced. C) many goods and services are purchased. D) much labor is hired. E) much the government will collect in taxes and how much the government will spend on transfer payments.
Government certification of the weights and measures used in business can be justified because
A) no business operated for profit would have any interest in weighing and measuring accurately. B) people cannot be trusted. C) government officials, unlike private parties selling for profit, have no incentive to cheat. D) it reduces total transaction costs below what they would be if all individual buyers or sellers had to check for themselves.
In a given year, ________ of smartphone or tablet owners will pay for any apps
A) less than 15 percent B) only about one-third C) about 75 percent D) almost 90 percent
The most common reason for the existence of oligopolies is
A. product homogeneity B. advertising. C. economies of scale. D. ease of entry.