The difference between income and consumption is
a. rent
b. profit
c. saving
d. opportunity cost
e. roundabout consumption
C
You might also like to view...
Based on the production and revenue data in the above table, what is the price of the product?
A) $100 B) $10 C) $1 D) More information is needed to determine the price of the product.
Specialization leads to greater production than is otherwise possible
a. only if different workers have different natural abilities b. only if production is organized within business firms c. under capitalism, but not under communism d. even if different workers have identical natural abilities e. under communal ownership, but not under capitalism
Since 1990 the highest economic growth rates in the world have occurred in
A. The United States. B. Nigeria. C. India. D. China.
A sales tax is usually considered to be a
A. flat tax. B. regressive tax. C. progressive tax. D. proportional tax.