The distribution of income primarily determines which of the fundamental economic questions?
A) How the goods and services are to be produced?
B) Who will receive the goods and services produced?
C) What goods and services are to be produced?
D) How to plan the economy?
B
Economics
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On a graph of the consumption function, where the consumption function crosses the 45 degree line,
A) there is no saving and no dissaving. B) disposable income is zero. C) the maximum level of disposable income is earned. D) there are no tax payments. E) induced consumption equals zero.
Economics
International trade currently involves about ______________ worth of goods and services thundering around the globe.
a. $200 billion b. $20 trillion c. $200 trillion d. $2 trillion
Economics