Household wealth is defined as the value of a household's
A) assets minus the value of its liabilities. B) liabilities.
C) assets plus the value of its liabilities. D) assets.
A
You might also like to view...
The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A
Prices are a critical component of the market system
Indicate whether the statement is true or false
The study of the choices made by individuals is part of the definition of
A) microeconomics. B) positive economics. C) macroeconomics. D) normative economics.
Between 1960 and 1980, the female/male annual earnings ratio of full-time workers ____. Between 1980 and 2011, the female/male annual earnings ratio of full-time workers ____
a. changed very little; fell b. changed very little; rose c. fell; changed very little d. rose; changed very little