Most older persons regularly spend more than their current disposable income. How is this possible?
a. They receive government transfer payments.
b. They work to supplement their retirement income.
c. They borrow and increase their debt levels.
d. They withdraw funds from accumulated wealth.
d
Economics
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The fact that positive externalities may exist in education is not enough to justify government involvement. To justify government involvement, it must be shown that _____
a. the effect of the externalities are large b. the externalities are inframarginal c. people do not internalize the externalities d. education is an investment good
Economics
A company office can be thought of as
A) a land and labor combination. B) a trade-off with land. C) physical capital. D) a type of entrepreneurship.
Economics