The income left in the economy after paying for all consumption spending by households and government spending is called _____
a. disposable income
b. household saving
c. national saving
d. national income
c
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Use the figure below to answer the following question.
If actual production and consumption occur at Q1 and the price is P2
A. deadweight loss equals area f. B. producer surplus equals area c. C. producer surplus equals area c + b. D. consumer surplus equals area a + b.
Results of research conducted regarding the Moving to Opportunity program found that
A) living in a good neighborhood helps keep people out of jail. B) people who live in wealthier neighborhoods are safer than people who live in poorer neighborhoods. C) living in a good neighborhood improves test scores in schools. D) living in a good neighborhood guarantees economic self-sufficiency.
Charitable activity _____
a. is a Pareto superior move b. is a Pareto optimal move c. is unnecessary given today's redistribution policies d. is unaffected by free riding
An increase in the corporate profits tax would shift the demand for loanable funds curve to the left
a. True b. False