The sum of consumption and saving is called _____
a. net investment
b. net income
c. personal income
d. disposable income
e. transfer payment
d
You might also like to view...
How are skilled and unskilled workers in an economy likely to be affected if firms adopt skill-biased technologies?
What will be an ideal response?
In monopolistic competition, free entry and free exit mean that in the long run firms in the industry make zero economic profit
Indicate whether the statement is true or false
Which of the following is true for a market that clears?
a. An excess supply of anything traded will lead to a fall in its price. b. An excess demand of anything traded will lead to a fall in its price. c. An excess supply of anything traded will lead to a rise in its price. d. An excess demand of anything traded will not lead to a price change. e. A high price will lead to a high demand.
Public goods are
a. exclusive and rival goods b. exclusive and nonrival goods c. nonexclusive and nonrival goods d. nonexclusive and rival goods e. the same as merit goods