As a consumer's disposable income rises, the proportion of income spent on food falls. This assertion is known as ________

The balanced-budget multiplier is calculated as the government spending multiplier minus the tax multiplier

Indicate whether the statement is true or false

Cartels can more easily detect cheating by cartel members if the products sold by each member are largely homogeneous

As product quality varies, the observed prices charged by cartel members may be due to differences in the products, or they may be due to cheating. Which of the following goods would more difficult to monitor for potential cheating? A) Aluminum ingots B) Industrial concrete C) Steel beams D) Luxury yachts