Long-lasting resources used to expand the production of goods and services in the future are called

Which of the following represents the amount of income that is actually available to people for consumption and saving?

a. Net national product b. National income c. Disposable personal income d. Gross national product e. Personal income

The labor market for ultrasound technicians in Cleveland is initially in equilibrium. Which of the following would lead to a lower wage rate and higher employment in that market?

a. a drop in demand for diagnostic services at Cleveland hospitals b. a drop in the price of ultrasound equipment c. an increase in the length of training required for ultrasound technicians d. a shift in potential workers' tastes away from hospital and clinical work e. a wage decrease for ultrasound technicians in nearby cities