The portion of after-tax income a consumer does not spend on consumption is called
a. investment.
b. saving.
c. supply.
d. temporary income.
B
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The table above shows a nation's production possibilities frontier. If the nation chooses to increase the production of robots from 2 to 3 and it is on its PPF, it will have to forgo ________ pizzas
A) 34 B) 35.5 C) 3 D) 37 E) None of the above answers is correct.
One explanation that economists give for the persistence of poverty in LDCs falls under the category of nonscientific perceptions. An example of this is people in LDCs who
a. are unwilling to devote their energies to intellectual pursuits b. don't share the values associated with the means to acquire or the acquisition of the materialist world commonly identified with Westerners c. are not rational, utility-maximizing, economic agents d. value their children e. because of climate, require a lower calorie diet to survive
What is the effect of the interaction of buyers and sellers on a market?
(A) Association of both supply and demand with income. (B) Agreement on the price and the quantity traded. (C) Theoretical relationship between price and use. (D) Desire for goods that cannot actually be afforded.
Which of the following is NOT associated with debt restructuring?
A. Debt rescheduling B. Collective action clauses C. Taxes on international borrowing D. Debt reduction