Another expression for disposable income would be
a. income left over after subtracting deductions such as 401Ks and health insurance
b. income left over after subtracting taxes
c. income left over after subtracting fixed payments like rent or car payments
d. income left over after subtracting all required spending items such as food, utilities, etc.
e. income left over after subtracting transfer payments
B
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In a competitive market, a good is most likely to be provided at inefficient levels if
A. private opportunity costs are positive. B. people can easily be prevented from using a good. C. people cannot be prevented from using a good. D. the good is depleteable.
It is reasonable to expect that if one firm in an oligopolistic market raises price, the its competitors will do the same so that all firms can earn increased revenues
Indicate whether the statement is true or false
In which year was the poverty rate the lowest?
A. 1960 B. 1973 C. 1984 D. 1993
Discuss some of the potential benefits and costs of the adoption of the Euro
What will be an ideal response?