In 2005 real personal saving has decreased to ________ of personal disposable income

State and local governments subsidize college students with grants and low-interest loans. The loans and subsidies are examples of

A) emission allowances. B) Coase subsidies. C) Pigovian subsidies. D) positive externalities.

An inferior good has a ________ income elasticity of demand and quantity demanded ________ as income rises

A) negative; increases B) negative; decreases C) positive; increases D) positive; decreases