In Quarto, farmers must obtain permission from the government to grow and sell tobacco beyond a stipulated level. The government sets a quota on the acres of land that a farmer can cultivate, but farmers may rent out their land and the quota associated with it. This is an example of a _____

The value of tires purchased by a company to use on its cars is not included when calculating the gross domestic product (GDP)

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

A movement along the consumption function is caused by a change in:

a. the price level. b. autonomous consumption. c. real disposable income. d. the stock of durable goods.