Disposable income refers to
A. The corporate tax paid from income.
B. Personal income before personal taxes.
C. Personal income after personal taxes.
D. None of the choices are correct.
Answer: C
Economics
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When compared to perfect competition, in a monopsony
A. there is deadweight loss. B. there is no deadweight loss. C. consumer surplus decreases. D. the price is lower and the quantity is higher.
Economics
If a manufacturer sells goods abroad for less than they sell for at home, which of the following is true?
a. An embargo has been established. b. A quota has been established. c. The manufacturer is engaged in dumping. d. There has been an improvement in the terms of trade. e. Tariffs have been reduced.
Economics