Disposable income Study guides, Class notes & Summaries

What is the 1st offense penalty for engaging in the practice of residential building without a license? - Answer Not less than $5K and not more than $25K and/or 1 year What is the penalty for engaging in the practice of residential building, resulting in a death? - Answer Not less than $5K and not more than $50K and/or 4 years On your individual builder's license application, what should you write as your "business address"? - Answer Your personal address What is the cost of the indi...

AD (def.) - ANSWERSTotal level of planned real expenditure on g/s produced within country in given time period AS (def.) - ANSWERSTotal supply of all g/s in economy AD (eq.) - ANSWERSAD = C + I + G + (X - M) Factors that affect AD: C - ANSWERS∝ disposable income ∝ employment ∝ 1/interest rate ∝ availability of credit ∝ confidence ∝ wealth ∝ inflation (short run) ∝ 1/inflation (long run) Factors that affect AD: G - ANSWERS∝ size of public sector ∝ dep...

Macro Chapter 5 Exam Questions And Answers 1. Since 1955 Americans have been spending ____. a) a larger percentage of their incomes on services b) a smaller percentage of their incomes on services c) about the same percentage on services - ANS a) a larger percentage of their incomes on services 2. When the C line crosses the 45-degree line, saving is ____. a) positive b) negative c) zero d) impossible to calculate because there is not enough information to know - ANS c) ze...

HCAD 222 Exam 1What is Continuity Theory? - correct answers relates to leisure time and disposable income activities stay stable through life course What happens to disposable income as we age? - correct answers Increases, 40% of disposable income is ages 50+ How does life satisfaction affect aging? - correct answers Central to creating meaning What is aging? - correct answers process of gradual change over life span scenescnse - correct answers aging at the cellular level, process ...

PGA PGM Level 1 Tournament Operations What do tournaments provide the facility and people involved? - ANSWER Essential revenue, maintain enthusiasm among golfing public, and introduce new players to the game. What is median number of events put on by most facilities? - ANSWER 40-50 per year How will a PGA professional be called upon when creating a tournament? - ANSWER Define overall role of...

COB 487 Exam Questions with Correct Answers Perceptual activity - Answer-the ability to sense what could be coming and prepare for what to do about it Forecasts (3 aspects) - Answer-Environmental scanning, Environmental monitoring, Competitive intelligence General Environment (6 factors) - Answer-Political/Legal Economic Sociocultural Technological Demographic Global Political/Legal Segment - Answer-Environment & legislation influence regulations with which industries must comply,...

Macro Essay Plans Exam With 100% Correct Answers 2024 Evaluate the view that free-market supply-side reforms are beneficial to the UK economy [25] - correct answer-Supply side policies are the set of micro and macro government policies used to improve national economic performance by creating more competitive & efficient markets. Decrease NMW & benefits (reduced real wage unemployment), reduced income so increased incentive to work, increased labour supply, decrease wage costs, increase S...

UNLV Econ 103 Exam III Questions with Correct Answers 100% Solved Classical economics was discredited by The Great Depression John Maynard Keynes outlined his theory in his book The General Theory of Employment, Money, and Interest (1936) Keynes argued that ________ was the most important part of the circular flow Investment According to Keynes, recessions are typically caused by insufficient investment Autonomous consumption Consumption that is independent of current income. induced c...

Econ 102 Exam 1 WSU Latest 2023 Graded A opportunity cost sacrifice the value of the output the person would have contributed to the civilian economy. The value of the sacrificed alternative is called the opportunity cost of an activity. Resources 1. Land includes natural resources, such as mineral deposits, oil, natural gas, water, and actual land acreage. 2. Labor is the effort of workers. 3. Physical capital is manufactured items used to produce other goods and services. 4. Human capital...

Ivy Software MBA Prepworks Fundamentals of Economics Exam - Complete Solutions (Answered) The main concept demonstrated in the production possibilities frontier is Opportunity cost When country A has a lower opportunity cost of producing sugar relative to country B, then country A is said to have Comparative Advantage A graph that shows the combinations of two goods that the economy can produce given the available scarce resources and available technology is called a Production Possibilities...