According to economic analysis, while making a decision, an individual compares the benefits expected from one option with the benefits expected from other options
a. True
b. False
Indicate whether the statement is true or false
True
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The federal income tax on wages is the largest source of revenue for the federal government
Indicate whether the statement is true or false
Household consumption primarily depends on:
A) disposable income. B) the interest rate. C) marginal propensity to import. D) credit card debt.
The country reflecting perfect income equality in the above figure is
A) country 4. B) country 1. C) country 5. D) country 3.
In general, each additional year of schooling is worth about:
A. 10 percent more in overall earnings over the course of a lifetime. B. 5 percent more in overall earnings over the course of a lifetime. C. 25 percent more in overall earnings over the course of a lifetime. D. 50 percent more in overall earnings over the course of a lifetime.