Household income after taxes is called:
a. national income
b. gross domestic product.
c. disposable personal income.
d. gross national product.
c
You might also like to view...
A natural monopoly regulated with a marginal cost pricing rule results in
A) an economic loss for the regulated firm. B) an economic profit for the regulated firm. C) a normal profit for the regulated firm. D) a deadweight loss.
market with four firms in competition with each other has a equilibrium price of $25 and equilibrium quantity of 200,000. If the four firms form a cartel, the cartel, set price will be ________ than $25 and the set quantity will be ________ than 200,000.
A) greater; less B) less; greater C) greater; greater D) less; less
To answer, refer to the following:"At Huffy's ... bicycle factory, 1,700 employees turn out 15,000 bicycles a day (in 1987). Five years before, it required 2,200 workers to make 10,000 bikes daily." (The Wall Street Journal). In 1987,
A. total product was 15,000 bicycles per day. B. the average product of labor was 0.11. C. the marginal product of labor was 8.8. D. both a and b E. both a and c
Checkable deposits are money because they are:
Acceptable as payment Fiat money Token money Legal tender