
In a one-period economy,real consumption
A) is always less than disposable income.
B) is typically greater than disposable income.
C) is exactly equal to disposable income.
D) can be greater than, less than, or equal to disposable income.
E) can be less than savings.
Correct Answer:
Verified
Q26: The marginal rate of substitution
A) can be
Q27: The time constraint for the consumer is
A)
Q28: In a one-period economy
A) consumption equals disposable
Q29: In practice,
A) taxes are not lump sum
Q30: The slope of the indifference curve is
Q32: The representative consumer acts competitively
A) when he
Q33: When consumers act as price-takers,we say that
Q34: The property of diminishing marginal rate of
Q35: A barter economy
A) cannot be a market
Q36: An economy without monetary exchange is called
A)
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