An example of a modern democratic government commandeering resources is
a. the military draft
b. government subsidizing agriculture
c. government engaging in transfer payments
d. government food stamps
e. government tax refunds
A
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An indifference curve shows _____
a. the relationship between total and marginal utility b. the relationship between the quantity of a good and the maximum attainable satisfaction c. the various combinations of two goods that give a consumer the same amount of satisfaction d. the relationship between the price and quantity of a good that a consumer is able to purchase e. that the quantities of a good that give a consumer maximum satisfaction are directly related to price
If a tax rate is constant as income rises, the tax is proportional
Indicate whether the statement is true or false