Personal income minus direct taxes is
a. disposable personal income
b. net national income
c. proprietors' income
d. indirect business taxes
e. savings income
A
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If a company dumps pollution in the water and fishermen are hurt and if transactions costs are prohibitively high and efficiency is the most important criteria,
A. the company should be made liable for the damage. B. the company should be taxed enough so the government can keep the river clean. C. liability should be placed on the group that has the least cost of solving the problem. D. the company should be allowed to pollute because a river is not private property.
If the marginal propensity to consume (MPC) is 0.75, the value of the spending multiplier is:
A. 0. B. 1. C. 4. D. 5.
If the percentage change in price is 10 and the percentage change in quantity supplied is 10, supply is:
A. unaffected by price changes. B. inelastic. C. unit elastic. D. elastic.
This agency is responsible for investigating complaints of discrimination based on race, religion, sex or age in hiring, promotion, firing, wages, testing, and all other conditions of employment.
A. Environmental Protection Agency B. Food and Drug Administration C. Equal Employment Opportunity Commission D. Federal Trade Commission