1. Which of the following correctly describes the effects of a decrease in net t
ID: 2440502 • Letter: 1
Question
1.
Which of the following correctly describes the effects of a decrease in net taxes??
?There is no effect on either disposable income, consumption, or saving.
2.
Which of the following is not an example of intermediate goods or services??
3.
Which of the following people would be counted as employed??
4.
After graduating from Harvard Law School, Anne started looking for a job. She could not find a job after looking for one week. Which of the following is true in this case??
a. ?Disposable income increases, consumption decreases, and saving decreases.Explanation / Answer
a) "B"
With a fall in the net taxes, the disposable income will increase which will increase the consumption and it will also increase the saving.
b) "C"
Pizza is a finished good not intermediate.
c) "D"
Ski instructor working in the summer.
d) "D"
This is an example of frictional employment.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.