The above table has data from the nation of Media. Based on these data, the marginal propensity to consume is

Which of the following is part of the cost of income transfers?

A) Tax-collecting agencies cost money to administer. B) Taxing incomes encourages people to work harder. C) Income transfers make the results more unfair. D) Income transfers increase the size of the economic pie. E) Income transfers are a similar to allocating resources using a lottery.

Commodity money is money that:

a. has no value as a commodity. b. is not backed by gold or silver and is not a legal tender. c. may go out of circulation with an increase in its intrinsic value. d. always has a face value greater than the intrinsic value. e. is solely used in barter exchanges.