The break-even point refers to
A) the amount of autonomous consumption.
B) a point at which planned real consumption is for greater than real disposable income.
C) the point at which planned real consumption equals real disposable income.
D) the maximum amount of dissaving a person can experience.
C
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A barrier to entry is
A) the economic term for diseconomies of scale. B) illegal in most markets. C) anything that protects a firm from the arrival of new competitors. D) a factor that increases competition because firms must continue to operate in the market in which they were founded. E) the same as rent seeking.
The official U-3 unemployment rate
A) includes persons without a job who have made efforts in the last week to find a job. B) includes persons without a job, whether they are actively searching for work or not. C) counts discouraged workers as unemployed. D) counts people with part-time jobs who want full-time jobs as unemployed.