At a level of real disposable income of $10,000, suppose consumption is $11,000. Given this information, we know with certainty that saving equals

A. -$1,000.
B. $1,000.
C. $11,000.
D. $0.


Answer: A

Economics

You might also like to view...

Use the figure below to answer the following question.At equilibrium, consumer surplus would be represented by the area

A. a + b + c. B. b. C. a. D. a + b.

Economics

The demand for a product at a given time is defined as the

a. desire for it. b. sum spent on it. c. measure of total utility for it. d. amount that would be bought at various prices.

Economics

The marginal product of labor indicates ________. Therefore the MPL curve is also ________

A) the quantity of labor supplied for a given wage; the equilibrium price of labor B) the quantity of labor demanded for a given wage; the equilibrium price of labor C) the quantity of labor demanded for a given wage; the demand curve of labor D) the quantity of labor supplied for a given wage; the supply curve of labor E) none of the above

Economics

A tax on an imported good is called a ______

Fill in the blank(s) with correct word

Economics