Disposable income equals national income minus personal taxes
Indicate whether the statement is true or false
False
You might also like to view...
Pegging a country's exchange rate to the dollar can be advantageous in all of the following situations except
A) if investors believe the dollar to be more stable than the domestic country's currency. B) if a country wishes to conduct independent monetary policy. C) if imports are a significant fraction of the goods the country's consumers buy. D) if the country has extensive trade with the United States.
The return on wealth is
A) a stock variable. B) income. C) equal to the opportunity cost of holding capital. D) a stock or flow variable depending upon whether the wealth is in the form of bonds or other financial assets.
In 2015, Medicare cost taxpayers
A. $2 trillion. B. $2 billion. C. $630 billion. D. $2 million.
The long-run industry supply curve ________ in a decreasing-cost industry.
A. is vertical B. slopes down C. is horizontal D. slopes up