The value of a household's assets minus the value of its liabilities is called
A) wealth.
B) income.
C) debt.
D) stock.
A
Economics
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A firm that sought to "maximize market share" would choose to produce an output level for which marginal revenue was equal to
a. marginal cost b. average cost. c. price. d. zero.
Economics
In short-run equilibrium, a competitive price-taker firm
a. may earn a profit or a loss. b. always earns a profit. c. never earns a profit. d. earns a profit only if the firm has no fixed cost.
Economics
What happens to domestic investment as the real interest rate rises? Explain your answer
Economics
The self-correcting property of the economy means that output gaps are eventually eliminated by:
A. increasing or decreasing potential output. B. government policy. C. decreasing inflation only. D. increasing or decreasing inflation.
Economics