Disposable income is defined to be:
A. total income minustaxes.
B. total income plus taxes.
C. total income minus depreciation.
D. All of these are true.
A. total income minustaxes.
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There exists a strong ________ correlation between GDP per capita and ________
A) positive; child labor B) negative; life expectancy C) negative; child labor D) positive; unemployment rate
If an exporter wants to limit the effect of possible changes in the exchange rate on the value of her exports, then she can adopt a strategy known as
A) floating. B) speculating. C) hedging. D) appreciating.
Which of the following is not a characteristic of capitalism?
a. Private ownership of the factors of production. b. Businesses make their own product and price decisions. c. Public ownership of the factors of production. d. Decentralized decision-making using markets.
If the U.S. government decides to increase military spending, one opportunity cost will be lower spending on education
a. True b. False Indicate whether the statement is true or false