The amount of after-tax income received by households is measured by:
A. discretionary income.
B. national income.
C. disposable income.
D. personal income.
C. disposable income.
Economics
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If all the return to a resource is economic rent, we know that
A) the price of the resource is below its opportunity cost. B) the price of the resource equals its opportunity cost. C) the price of the resource is above its opportunity cost. D) the resource has no opportunity cost.
Economics
The wage rate is constant along a firm's labor demand curve
a. True b. False
Economics