If the government increases the income tax rate, consumers have:

A. less to spend and will reduce their consumption.
B. more to spend and will reduce their consumption.
C. less to spend and will increase their consumption.
D. more to spend and will increase their consumption.


A. less to spend and will reduce their consumption.

Economics

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Government's role of providing national defense is considered:

A) enforcing a legal system. B) providing certain goods and services. C) redistributing income. D) expanding economic growth.

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One of the reasons government debt is different from individual debt is:

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Firm A is a monopoly. The demand for its output is p = 90 - Q. Production is such that Q = L. Firm A hires labor in a competitive market where the wage is $10. Firm A will hire

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Economics