Disposable income is defined as A) national income - transfers ...

[erika]

Disposable income is defined as
 
  A) national income - transfers + taxes. B) national income + transfers + taxes.
  C) national income + transfers - taxes. D) national income - transfers - taxes.

Question 2

Holding everything else constant, government approval of horizontal mergers is more likely to be granted if the market that firms are in are broadly defined rather than narrowly defined.
 
  Indicate whether the statement is true or false

[isabelt_18]

Answer to Question 1

C

Answer to Question 2

TRUE