« previous next »

Author Question: A change in taxes of a given amount shifts the consumption function vertically by ____ than that ... (Read 54 times)

sc00by25

  • Hero Member
  • *****
  • Posts: 596
on: Jun 30, 2018
A change in taxes of a given amount shifts the consumption function vertically by ____ than that amount, because the marginal propensity to consume is ____.
 a. less; less than 1
 b. greater; greater than 1
 c. greater; always equal to 1.
  d. less; equal to zero.

Question 2

A value-added tax is a tax on consumption and not on personal income.
 a. True
  b. False
  Indicate whether the statement is true or false


jliusyl

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

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 women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Evaluation of a child for cystic fibrosis with a sweat chloride test. Sweat is being collected under Evaluation of a child for cystic fibrosis with a sweat chloride test. Sweat is being collected under
How to find an angle in radians degrees for any given reciprocal trigonometric function How to find an angle in radians degrees for any given reciprocal trigonometric function
How to find the inverse of any function (Part 2) How to find the inverse of any function (Part 2)
How to vertically stretch and compress the quadratic function How to vertically stretch and compress the quadratic function
The impact of climate change on natural ecosystems The impact of climate change on natural ecosystems
Given the parent function f(x)=log10(bottom exponent)x, state the equation of the function that Given the parent function f(x)=log10(bottom exponent)x, state the equation of the function that
Video: Osmosis - water transport

For a complete list of videos, visit our video library