The difference between disposable income and consumption spending is
A. transfer payments.
B. personal taxes.
C. net exports.
D. personal investment.
E. personal saving.
Answer: E
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A market dominated by a few large sellers who sell identical or differentiated products is called
A) perfect competition. B) monopolistic competition. C) monopoly. D) oligopoly.
When people became ________ concerned with the underlying value of their houses and became ________ concerned with the expectations of the prices of their houses increasing, a housing bubble occurred
A) more; less B) more; more C) less; more D) less; less
Referring to a bank's t-account, the difference between total assets and total liabilities is called
A) leverage. B) reserves. C) deposits. D) equity.
What is the most probable reason why garbage men have higher wages than waiters?
A. Marketplace discrimination B. Active unionization in the garbage collection field C. Higher demand for garbage men than nurses D. The nonmonetary attractiveness of garbage collection causing fewer people to want to be garbage men