Disposable income represents ________
A) the income received by firms, e.g. corporations
B) an increase in GDP
C) a decrease in GDP
D) the after-tax income received by the household
D
Economics
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When marginal revenue is positive,
A. marginal revenue is greater than price. B. demand is elastic. C. decreasing price will decrease total revenue. D. both b and c E. all of the above
Economics
A government fulfills a protective function when it
A) provides funds for flood control projects and builds highways. B) prevents illegal seizure of private property. C) established and enforces minimum wage laws. D) taxes some citizens in order to provide income transfers to others.
Economics