Assuming no bequests, with a real interest rate of 10 percent, wealth of $60,000, current income of $70,000, current consumption of $30,000 and future income of $100,000, future consumption equals ________

Which of the following is a characteristic of command economies?

A) Rewards to economic agents are based on market prices. B) Coordination of economic agents is automatic. C) It is difficult to incentivize economic agents. D) The invisible hand functions without any restraint.

There are never any adverse consequences of government attempts to modify the laws of supply and demand

a. True b. False Indicate whether the statement is true or false