The average level of one's expected future income stream is
A. taxable income.
B. gross income.
C. permanent income.
D. disposable income.
Answer: C
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During the 1990s, many companies shifted from
A. the Mform to product-oriented organizations. B. the Mform to functional subunits. C. product-oriented organizations to functional subunits. D. functional subunits toward more product-oriented organizations.
Which of the following describes the market for capital?
a. Supply is not affected by changes in price. b. Demand is not influenced by price changes. c. The market is subject to the laws of supply and demand. d. Price is not affected by supply or demand.
For a country already engaged in trade, biased growth will essentially lead to an increased willingness to trade.
Answer the following statement true (T) or false (F)
Refer to the graphs shown, which depict a perfectly competitive market and firm in a constant-cost industry. If market demand decreases from D0 to D1, in the long run:
A. some firms will exit this market and the price will return to P0. B. new firms will enter this market and the price will remain at P1. C. new firms will enter this market and the price will return to P0. D. some firms will exit this market and the price will remain at P1.