« previous next »

Author Question: If it is assumed that there are absolutely no taxes in an economy, then aggregate consumption will ... (Read 45 times)

futuristic

  • Hero Member
  • *****
  • Posts: 638
on: Jun 30, 2018
If it is assumed that there are absolutely no taxes in an economy, then aggregate consumption will be drawn as a function of:
 a. disposable income.
  b. real GDP.
  c. government expenditure.
  d. private income.
  e. government transfers.

Question 2

Market failure is a term used to describe what happens when market arrangements do not allocate resources efficiently.
 a. True
  b. False
  Indicate whether the statement is true or false


Meganchabluk

  • Sr. Member
  • ****
  • Posts: 301
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

True


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

China’s 8% annual increase in oil consumption China’s 8% annual increase in oil consumption
Calcium consumption is essential for all people Calcium consumption is essential for all people
Distribution of Aggregate Mining Distribution of Aggregate Mining
Creating a Continental Economy Creating a Continental Economy
Water consumption by type of use Water consumption by type of use
Global energy consumption is rising rapidly Global energy consumption is rising rapidly
Video: Heart Chambers

For a complete list of videos, visit our video library