In this graph, when disposable income is 3,000, consumption is
A. 2,000.
B. 2,500.
C. 3,000.
D. 3,500.
B. 2,500.
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Compare and contrast the concepts of income and wealth. Are these measured as a stock or a flow? Explain
What will be an ideal response?
Which of the following statements is true regarding Temporary Assistance to Needy Families (TANF)?
a. States set the level of welfare benefits they will provide to the poor, and the federal government guarantees some support. b. Since TANF began, the number of needy families receiving benefits has almost doubled. c. Federal dollars are fixed for each state, which may use the money for any antipoverty programs as long as there is a work requirement. d. The federal government’s welfare spending rises and falls depending on how each state sets its welfare contributions.
Refer to the following graph.
A lazy monopolist is best described by earning area A and B in profits.
Answer the following statement true (T) or false (F)
The market structure in which there is a single supplier of a good or service for which there is no close substitute is
A) a price searcher. B) a monopoly. C) a price taker. D) perfect competition.