The difference between consumption spending and disposable income _____
Fill in the blank(s) with the appropriate word(s).
equals saving.
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Labor unions ________ increases in the minimum wage because an increase in the minimum wage ________ the demand for union labor
A) support; increases B) support; decreases C) oppose; increases D) oppose; decreases E) support; has no effect on
Why are public goods a source of market failure?
What will be an ideal response?
Which of the following statements is correct?
a. The demand for flat-screen computer monitors is more elastic than the demand for monitors in general. b. The demand for grandfather clocks is more elastic than the demand for clocks in general. c. The demand for cardboard is more elastic over a long period of time than over a short period of time. d. All of the above are correct.
For a linear and upward sloping supply curve, when the consumer has to pay a positive price for the good, the variable cost to the consumer is a
A. four-sided figure that is a rectangle on the bottom and a right triangle on the top whose hypotenuse is the demand curve. B. four-sided figure that is a rectangle on the bottom and a right triangle on the top whose hypotenuse is the supply curve. C. rectangle. D. triangle.