Which of the following has the least impact on households' saving decisions?
A) the real rate of interest
B) the quantity of imports entering the country
C) expected future income
D) the level of disposable income
B) the quantity of imports entering the country
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Overexpansion can cause a perfectly competitive firm to ________.
A) produce at a quantity where the market price exceeds the firm's average total cost B) produce at a quantity where the marginal revenue exceeds the firm's average total cost C) earn economic profit D) produce at a quantity where the average total cost exceeds the firm's marginal revenue
Increasing environmental awareness in the United States has occurred with increasing GDP, which has reduced concerns about basic needs.
Answer the following statement true (T) or false (F)
Exhibit 7-13 Cost curves
In Exhibit 7-13, TFC is shown by the graph labeled:
A. I. B. II. C. III. D. IV.
Some economists advocate taxes on land because such taxes:
A. do not affect the supply of land. B. increase the supply of land. C. improve the allocation of land by shifting it from low-productivity to high-productivity uses. D. have a positive incentive function.