The relationship between real consumption spending and real disposable income
A. plots a horizontal line.
B. plots a vertical line.
C. is direct.
D. is inverse.
Answer: C
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The Environmental Protection Agency (EPA) cannot reach a target level of pollution through the use of pollution permits
a. True b. False Indicate whether the statement is true or false
Beth would like to invest in the stock market, but she has a low income. She would have to purchase shares of stock in just one or two companies, and she fears that is too risky. Which financial intermediary could best help her buy stocks in many companies with her limited assets?
a. a bank b. a savings and loan c. a mutual fund d. an insurance company
Which of the following options is NOT a characteristic of a proprietorship?
A) single ownership B) unlimited liability C) double taxation D) easy to form and dissolve
In Germany, one worker can produce either one cuckoo clock or one beer mug. In Taiwan, one worker can produce either two cuckoo clocks or three beer mugs. Who has the comparative advantage in each good?
A. Taiwan in both goods B. Taiwan in clocks and Germany in mugs C. Germany in clocks and Taiwan in mugs D. Germany in both goods