The amount of income received by households prior to the payment of personal income taxes is called

A. personal income.
B. national income.
C. net domestic product.
D. disposable wages.


Answer: A

Economics

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Which of the following must a firm in a market economy do today to succeed?

A) efficiently organize production B) produce existing goods and services at a lower cost C) produce new or better goods or services D) Market firms today must do all of these things.

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If total costs are $18,000 for the year, and the firm has fixed costs of $12,000, what is the level of the firm's variable costs?

What will be an ideal response?

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A speculative attack involves massive sales of a currency or purchases of a currency that cause a sharp change in the exchange rate under a exchange rate system

A) weak; strong; fixed B) strong; weak; fixed C) weak; strong; floating D) strong; weak; floating

Economics

Based on the graph showing the type of health insurance and coverage status in the United States in 2016, the largest percentage of people are covered by ______ plans.




a. direct purchase
b. military health care
c. Medicare
d. employment-based

Economics