Total income received by households is called:
a. national income
b. gross domestic product.
c. personal income.
d. gross national product.
c
Economics
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When unskilled teens earn less than college graduates, society answers the ________ question
A) why B) social interest versus self-interest C) how D) for whom E) what
Economics
The free-rider problem is triggered by being:
A. nonexcludable. B. rival in consumption. C. excludable and rival in consumption. D. excludable and nonrival in consumption.
Economics
A monopolist has a strong incentive to advertise
Indicate whether the statement is true or false
Economics
In the basic model with an AD and LRAS curve only, if spending growth is 10% and the Solow growth rate falls from 5% to 3%, then inflation will:
What will be an ideal response?
Economics