The stock of assets owned by a person, household, firm or nation is
A) real disposable income.
B) wealth.
C) capital investment.
D) capital goods.
Answer: B) wealth.
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The central role of ________ in a market economy is bringing together savers and borrowers
A) sole proprietors B) financial intermediaries C) stock exchanges D) corporations
A car purchased by you is rival because:
a. you can prevent others from using your car. b. it has many competitors. c. your use of this car makes it unavailable for others. d. it is nonexcludable.
Payments from government accounts to individuals for programs that do not involve a purchase of goods or services are called:
A. fiscal policy. B. grants. C. transfer payments. D. discretionary funds.
Output combinations that lie inside the production possibilities curve are characterized by efficient use of resources.
Answer the following statement true (T) or false (F)