Household income is spent on all of the following except one. Which is the exception?
a. services
b. tax payments
c. durable goods
d. nondurable goods
e. dividends
E
Economics
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The real internal rate of return on a college education is about
A) 0%. B) 2.5%. C) 6.9%. D) 15%.
Economics
A decrease in supply will increase prices least when demand is
A. perfectly inelastic. B. unit elastic. C. elastic. D. inelastic (but not perfectly inelastic).
Economics
One result of adverse selection in the used car market is that few plums (high-quality) are sold.
Answer the following statement true (T) or false (F)
Economics
Combined, the consumer surplus and producer surplus at equilibrium is
A. as big as it can get. B. typically negative. C. lower than it would be at prices below equilibrium. D. lower than it would be at prices above equilibrium.
Economics