The difference between disposable income and consumption spending is
a. transfer payments.
b. personal taxes.
c. net exports.
d. personal investment.
e. personal saving.
e
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One of the costs associated with predictable inflation is:
A. overheads. B. tax distortions. C. the re-distribution of purchasing power. D. budget charges.
Collective goods tend to be underprovided by private markets because:
A. it's not socially optimal for the price of these goods to be greater than zero. B. of the free-rider problem. C. of inefficiencies in the income tax system. D. these types of goods are usually provided by the government instead.
What was the GATT, why was it established, and why and with what was it replaced?
What will be an ideal response?
Refer to the given data. If disposable income was $325, we would expect consumption to be:
A. $315.
B. $305.
C. $20.
D. $290.