A consumption function with taxes lies above a consumption function without taxes

a. True
b. False
Indicate whether the statement is true or false


False

Economics

You might also like to view...

This basic pattern emerges in the United States: financial institutions are more heavily regulated

A) the smaller is their typical contributor. B) the larger is their typical contributor. C) the riskier are their assets. D) the larger they are in total asset size.

Economics

In 2010, the poorest 20 percent of families in the United States population earned approximately ____ percent of the before-tax total income. (Fill in the blank.)

a. 1 b. 4 c. 9 d. 12

Economics

Lack of access to sanitation and inadequate medical care have a negative impact on the development of human capital.

Answer the following statement true (T) or false (F)

Economics

Does an increase in the demand for Introductory Economics increase the cost to students of taking the course?

A) No, because tuition rates are not set to clear the market.
B) Not if the college refuses to hire additional people to teach the course.
C) Yes, if the course is consequently taught in a larger room, which costs more to heat.
D) Yes, insofar as students have to accept less satisfactory class schedules in order to take the course.

Economics