Disposable income is best defined as

a. income adjusted for inflation
b. nominal income
c. the income remaining after bills have been paid
d. income after taxes have been paid and transfers received
e. income paid in dollars that are worthless

D

Economics

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The difference between ________ is known as the trade balance

A) consumption and imports B) investment and consumption C) exports and imports D) production and exports

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Refer to the table above. If the firm decides to choose factory Far over Close, what is its marginal opportunity cost of transporting products to the market?

A) $150 B) -$200 C) $50 D) $100

Economics