There are different kinds of income discussed in the book. Which one of the following does not belong

a. Discretionary
b. Disposable
c. Gross
d. Aspirational

D

Economics

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What happens to the MPP of labor when the price of the good produced increases?

a. It increases proportionally with the price. b. It decreases proportionally with the price. c. Nothing happens because it stays the same. d. It falls because quantity demanded falls. e. It rises because quantity demanded falls.

Economics

For Country A, the world price of textiles exceeds the domestic equilibrium price of textiles. As a result, international trade allows sellers of textiles in Country A to experience greater producer surplus than they otherwise would experience

a. True b. False Indicate whether the statement is true or false

Economics