Most older persons regularly spend more than their current disposable income. How is this possible?
a. They receive government transfer payments.
b. They work to supplement their retirement income.
c. They borrow and increase their debt levels.
d. They withdraw funds from accumulated wealth.
d
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The introduction of new technologies to production is ________ source of productivity improvement.
A. the only B. the least important C. no longer a D. the most important
Refer to the above figure. Other things being equal, if price is at P2, then we would expect
A) price to decline until an equilibrium is achieved at P0. B) consumers to reduce their offering price for the good. C) an excess quantity demanded to occur. D) consumers to bid against each other for goods and force the price still higher.
A perfectly competitive firm’s short-run supply is infinite at the market price.
Answer the following statement true (T) or false (F)
Which statement is true?
A. There is no one single cause of homelessness. B. Most of the homeless have jobs. C. There are fewer Americans homeless than ten years ago. D. People are homeless because they want to be.