A corporation in which all the stock is owned by only a few individuals or companies and is not made available for purchase by the public.
What will be an ideal response?
Private Corporation
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Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. What does planned real saving equal when real disposable income equals? $12,000?
Real Disposable Income Planned Real Consumption ?$0 $3,000 ?2,000 4,400 ?4,000 5,800 ?6,000 7,200 ?8,000 ? 8,600 ?10,000 10,000 ?12,000 11,400 ?14,000 ? 12,800 A) 0 B) 600 C) 3,000 D) 11,400
Why might people choose to go to college?
A. A college education increases one's productivity, which will be rewarded in the labor market with higher wages. B. Someone enjoys the process of becoming educated. C. A college education signals to firms that the worker is highly motivated. D. One cannot find employment. E. All of these options are reasons people might choose to go to college.
With imperfect information, prices
A. are the only mechanism to judge efficiency. B. are always above equilibrium. C. may no longer reflect individual preferences. D. are irrelevant in the marketplace.
An income tax system in which the average tax rate decreases with the level of income is called a
A) progressive income tax system. B) proportional income tax system. C) regressive income tax system. D) flat-rate income tax system.