Market income is defined as wages, interest, rent, and profit ...

[theo]

Market income is defined as wages, interest, rent, and profit earned in factor markets plus cash payments to households by the government.
 
  Indicate whether the statement is true or false

Question 2

The higher the price of the good measured on the vertical axis, other thing remaining the same, the flatter the budget line.
 
  Indicate whether the statement is true or false

[amandalm]

Answer to Question 1

FALSE

Answer to Question 2

TRUE

[theo]

Excellent

[jordangronback]

Thanks for the timely response, appreciate it