Taxes constitute the difference between GDP and disposable income.

The government is involved in the U.S. economy for all of the following reasons EXCEPT to

a. promote and encourage competition. b. prevent monopolies that deny the public the benefits of competition. c. regulate industries in which a monopoly is in the public interest. d. promote the development of market externalities.

Without government, the "for whom" question could not be solved.

a. true b. false