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Author Question: If it is assumed that there are absolutely no taxes in an economy, then aggregate consumption will ... (Read 112 times)

futuristic

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

b

Answer to Question 2

True


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