Which of the following occurs when disposable income is zero?
A) consumption must be zero
B) saving must be zero
C) saving must be positive
D) consumption is negative
E) none of the above
E
Economics
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In maximizing net gains, the perfectly competitive firm will seek to:
a. minimize average variable cost. b. minimize average total cost. c. minimize marginal cost. d. maximize profit.
Economics
Other things the same, bonds are likely to have higher interest rates if they have
a. tax exemptions and short terms. b. tax exemptions and long terms. c. no tax exemptions and short terms. d. no tax exemptions and long terms.
Economics