If households consume less at each level of disposable income, they are
A. working less.
B. saving more.
C. spending more.
D. saving less.
Answer: B
Economics
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Technological efficiency occurs when the firm produces a given output
A) by using the least amount of inputs. B) by using the maximum amount of inputs. C) at the least cost. D) at the greatest cost.
Economics
In the above figure, a minimum wage of ________ would result in employment of ________
A) W2; L1 B) W2; L2 C) W1; L1 D) W1; L2
Economics