Disposable income is the aggregate income minus net taxes that households receive in exchange for factors of production they supply in resource markets
Indicate whether the statement is true or false
true
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Statistics show that 88% of all computer science majors are ________ and 86% of all architects and engineers are ________
A) men; men B) men; women C) women; men D) women; women
The idea of two individuals being equally well off in the absence and existence of taxation is
A. time consistency of optimal taxation. B. flat tax income schedule. C. benefits received principle. D. utility definition of horizontal equity.
The "guns versus butter" dilemma that all nations confront is that
A. An increase in national defense implies more sacrifices of civilian goods and services. B. Guns and butter can be produced using the same resources at the same time. C. An increase in national defense is possible only if we produce more butter. D. All of the choices are correct.
Which of the following is/are example(s) of "mediums of exchange"?
A. money used to buy goods B. goods used to obtain other goods C. pigs used to obtain chickens D. All of these