The income that households have left after paying their taxes and paying for their consumption is known as _____
Fill in the blank(s) with correct word
private saving
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The ability to produce a good at a lower opportunity cost than someone else is called
A) competitive production. B) comparative advantage. C) selective advantage. D) absolute advantage.
Monetary and price instability will
What will be an ideal response?
Suppose that next year the government fixes the number of pollution permits at a quantity less than the number sold this year. If nothing else changes, next year the price of a pollution permit will be:
A. greater than the price of a permit this year. B. less than the price of a permit this year. C. equal to the price of a permit this year. D. equal to the price set by the government.
Refer to the diagram. Curve B is a:
A. production possibilities curve indicating constant opportunity costs.
B. production possibilities curve indicating increasing opportunity costs.
C. demand curve indicating that the quantity of consumer goods demanded increases as the price of capital falls.
D. technology frontier curve.