Savings deposits are included in
a. M1 but not M2.
b. M2 but not M1.
c. M1 and M2.
d. neither M1 nor M2.
b
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Consider a monopolist who charges a single price to all of its customers. If this monopolist starts price discriminating, its output will ________ and its profit will ________.
A. rise; fall B. rise; rise C. fall; rise D. fall; fall
Which tax system requires higher-income taxpayers to pay a higher percentage of their income in taxes?
a. a progressive tax b. a proportional tax c. a regressive tax d. a lump-sum tax
Which statement is true?
A. There are over 50 million Americans living below the poverty line. B. The poverty line is raised each year. C. Nearly all the nation's poor people live in the South. D. Poverty is a greater problem today than at any time since the end of World War II.
The income that people earn in resource or factor markets is called:
A. national income. B. personal income. C. disposable personal income. D. transfer payments.