The amount of income left after an individual pays taxes to the government is called disposable income
a. True
b. False
Indicate whether the statement is true or false
True
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Supply and demand analysis
a. can be used to understand solutions to pollution, but not causes. b. can be used to analyze how externalities lead to environmental problems. c. cannot be used to analyze pollution, which is a physical and chemical problem. d. cannot be used to solve the pollution problem, but can be used to analyze it.
Which of the following statements about speculators is not true?
a. Speculators use the forward market extensively. b. Speculators provide the foreign exchange market with liquidity c. Speculators make foreign exchange markets more efficient. d. Speculators cannot be completely shut out of the forward market, although the forward market is not intended for speculators. e. Only major currencies have very liquid forward markets
A decrease in the value of money __________ the quantity of money demanded. On a graph with the value of money on the vertical axis this effect on the value of money on quantity demanded is shown as ____________
Fill in the blank(s) with correct word
Which of the following is an example of a transaction that is made even though complete information is not possible?
A. Joe buys a puppy in hopes that the puppy will be his hiking companion for the next 20 years. B. Mike saves his money by putting it in a mutual fund. C. Alex buys house insurance and has never filed a claim. D. All of these are examples of transactions that must be made with incomplete information.