Saving equals:
A. current income minus spending on current needs.
B. wealth minus assets.
C. assets minus liabilities.
D. current spending minus current income.
Answer: A
Economics
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Refer to Figure 7-4. With insurance and a third-party payer system, what is the amount of the deadweight loss?
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Winner-take-all refers to
a. top performers in a labor market receiving much more than those who are just slightly less productive b. computing and technology companies driving their competitors out of the market c. rich households paying less in taxes now than they did 30 years ago d. a negative income tax system that allows individuals to become superstars e. the Lorenz curve shifting closer to the diagonal as the rich become richer
Economics