The relationship between income and education is clear. At every age, those with more education earn more

In his classic treatise on public finance, Richard Musgrave says the economic activities of the state can be broken down into _____

a. allocation, distribution, production b. allocation, distribution, stabilization c. allocation, production, protection d. production, protection, allocation

A good is said to be a normal good when

a. decreases in income lead to an increase in demand for the good b. decreases in income lead to a decrease in demand for the good c. increases in income lead to a decrease in demand for the good d. increases in price lead to a decrease in the quantity demanded of the good e. increases in price lead to a decrease in demand for the good