The largest component of state and local education spending is for
a. elementary and secondary education
b. colleges and universities
c. libraries
d. research
e. police protection
A
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
What would happen in the market for loanable funds if the government were to increase the tax on interest income?
a. Interest rates would rise. b. Interest rates would be unaffected. c. Interest rates would fall. d. The effect on the interest rate is uncertain.
Economics