Current income minus spending on current needs equals:
A. wealth.
B. investment.
C. transfers.
D. saving.
Answer: D
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A natural monopoly regulated with an average cost pricing rule is ________
A) efficient and incurs an economic loss B) inefficient and makes zero economic profit C) inefficient and makes an economic profit D) efficient and makes zero economic profit
A perfectly competitive firm can:
A. affect the market price for its good. B. sell as much as it can produce at the market price. C. prevent entry of other firms into their market. D. collude with its competitors to set prices.
If the inflation rate is 3% and the real interest rate is 4%, then the nominal interest rate is around
A. 12%. B. 7%. C. 3%. D. 1%.
The relationship between stock prices and firms' investments in physical capital is captured by what theory?
A. q theory B. Yield-curve theory C. User-cost-of-capital theory D. Keynesian theory