Saving equals ________
A. income minus consumption expenditure minus net taxes
B. income minus net taxes
C. total income minus total expenditure
D. net taxes minus government expenditure
A Saving is what is left from income after consumption expendi-ture and net taxes are paid.
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Health insurance companies impose deductibles on policies and copayments on claims to
A) increase prices. B) increase sales. C) reduce the moral hazard problem. D) increase asymmetric information.
What statement most accurately describes the U.S. colonial economy in the 1700s?
a. The Middle Colonies had big trade surpluses from their large shipments of food. b. The majority of the population lived in the large urban areas along the Atlantic coast. c. Once indentured servants completed their indentures, they moved to the lower South, where the agricultural productivity was highest. d. Colonial America was the first region in the world to permanently use paper money.
There is 5 percent average tax on imported goods in the United States. This tax is known as a(n) ________.
A. tariff B. quota C. income tax D. sales tax
Which of the following statements about rent control is false?
A. Rent control is an effective way to help the poor. B. Many wealthy and famous people benefit from rent control. C. A person does not have to be poor to qualify for a rent-controlled apartment. D. All of these are false statements.