Income in the form of goods and services is
A) known as money income.
B) known as income in kind.
C) not considered income by economists.
D) not part of wealth.
B
Economics
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A one-dollar tax reduction has the same effect as a one-dollar increase in government purchases.
Answer the following statement true (T) or false (F)
Economics
When negative externalities are present in a market, it means that:
A. social costs are less than external costs. B. private costs are less than social costs. C. private costs are less than external costs. D. external costs are equal to social costs.
Economics