Disposable income is
A) equal to GDP minus the capital consumption allowance.
B) that portion of personal income that can be used for consumption and saving.
C) the sum of all payments to suppliers of the factors of production.
D) equal to national income.
E) another term for personal income.
B
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An advantage of imposing a tax on the producer that generates pollution is that
A) the government can keep tabs on exactly what is produced in an industry. B) it forces the polluting producer to internalize the external cost of the pollution. C) it will eliminate pollution. D) a producer can pass the cost of the pollution to consumers.
Credit unions ________
A) acquire access to funds by accepting deposits then use these monies in lending to households and firms B) are a special type of mutual fund C) raise funds by selling commercial paper then lend these funds to consumers D) acquire access to monies through the payment of premiums by employees
The model of perfect competition can be fruitfully used to analyze markets that don't perfectly fit the description of this market type
a. True. b. False.
Economists study how people make decisions
a. True b. False Indicate whether the statement is true or false