« previous next »

Author Question: If it is assumed that there are absolutely no taxes in an economy, then aggregate consumption will ... (Read 115 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?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Diet Soda's Consumption's Association with Increased (not Decreased) Prevalence of ... Diet Soda's Consumption's Association with Increased (not Decreased) Prevalence of ...
As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ... As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ...
Creating a Continental Economy Creating a Continental Economy
The Importance in the World Fossil Fuel Economy The Importance in the World Fossil Fuel Economy
Global consumption of fossil fuel Global consumption of fossil fuel
economy manegment economy manegment
Video: Complement Proteins Animation

For a complete list of videos, visit our video library