Disposable personal income is the income that households and noncorporate businesses have left after satisfying all their obligations to the government
a. True
b. False
Indicate whether the statement is true or false
True
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In the health insurance field, asymmetric information creates problems _____ insurance contracts are signed; moral hazard causes problems_____ insurance contracts are signed
a. Before; before b. Before; after c. After; after d. After; before
An increase in wages in the public sector is caused solely by increased labor productivity in that sector
a. True b. False Indicate whether the statement is true or false
In which of the following would the richest tenth of the population be most likely to receive the highest percentage of the country's income?
A. Canada. B. Botswana. C. Germany. D. Sweden.
Assume a firm closes down in the short run and produces no output. Under these conditions:
A. TVC is positive, but TFC and TC are zero. B. TFC and TC are positive, but TVC is zero. C. TFC, TVC, and TC will all be positive. D. TFC is positive, but TVC and TC are zero.