In a one-period economy
A) consumption equals disposable income.
B) consumption equals disposable income plus the value of non-market work.
C) savings is always positive.
D) consumers may increase their consumption by borrowing.
A
You might also like to view...
Money that has value because the government has declared it legal tender to pay debts:
a. currency b. commodity money c. representative money d. fiat money
How much pollution should be cleaned up can be found where the marginal benefits of additional reduction of pollution _____.
a. is less than the marginal cost of reducing the additional pollution. b. equals the marginal cost of reducing the additional pollution. c. equals the average cost of reducing the additional pollution d. is greater than the marginal cost of reducing the additional pollution.