Disposable personal income equals personal income

A) minus personal tax payments plus government transfer payments.
B) plus government transfer payments.
C) minus personal tax payments.
D) minus government transfer payments plus personal tax payments.

C

Economics

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A marginal adjustment only refers to a minor change

a. True b. False

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The ability to produce a good at lower opportunity costs than another producer is known as

A) comparative advantage. B) marginal cost production. C) economies of scale. D) absolute advantage.

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