Private saving is the ______.
a. amount of income households have left after consumption and taxes, plus transfer payments
b. amount of income the government has left over after paying for its spending
c. theory that government borrowing drives up the interest rate and lowers consumption
d. practice of using corporate profits for capital investment rather than dividend payouts
a. amount of income households have left after consumption and taxes, plus transfer payments
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Featherbedding shifts the marginal revenue product of labor curve to the right
a. True b. False
Reducing protectionism allows greater gains from free trade.
Answer the following statement true (T) or false (F)
Which is an example of barter?
A. A person trading a desk for a box of tools. B. The purchase of stock on the New York Stock Exchange. C. A person buying clothes at a used clothing store. D. A gift of tuition money from parents to their children.
Households will supply labor as long as the wage they receive is less than the value of their leisure time.
Answer the following statement true (T) or false (F)