Compensation sent back to family in the home country by recent emigrants is known as
A. transaction costs.
B. remittances.
C. outsourcing.
D. capital flight.
Answer: B
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When consumption expenditure is ________ disposable income, saving is ________
A) greater than; positive B) equal to; positive C) less than; positive D) less than; negative E) equal to; negative
Which of the following is part of a firm's opportunity costs? I. wages II. utility costs III. interest on a bank loan IV. interest forgone on funds used to buy capital equipment
A) I and II B) III and IV C) I, II and III D) I, II, III and IV
According to the idea of consumer sovereignty, what will happen in the market for widgets if consumers decide they no longer desire widgets?
What will be an ideal response?
Stagflation refers to a situation in which the economy is experiencing:
A. high economic growth and high inflation. B. low economic growth and high inflation. C. high economic growth and low inflation. D. low economic growth and low inflation.