Private saving is defined as
A) private disposable income minus consumption.
B) net national product minus consumption.
C) private disposable income minus consumption plus interest.
D) private disposable income minus consumption plus interest plus transfer payments.
A
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Consumer income changes can shift market demand.
Answer the following statement true (T) or false (F)
The risk-free rate is not:
A. usually approximated by interest rates on U.S. government debt. B. the interest rate at which one would lend if there were no risk of default. C. lower than any other interest rate. D. usually approximated by interest rate on corporation debts.
Opportunity cost is the value of the next best alternative to a given choice
a. True b. False Indicate whether the statement is true or false
Collective bargaining
A. deals only with issues relating to wages. B. substitutes one labor negotiator for many independent workers. C. is NOT a function of labor unions. D. is illegal in the United States.