All other factors remaining unchanged

Assignment Help Business Economics

Reference no: EM13743898

Using the circular flow (inner-tube) model for national income, what would be the effect of an increase in taxes, taken alone (that is, all other factors remaining unchanged)?

1) income would increase

2) income would decrease

3) income would not change

4) the direction of any income change would be indeterminate

Reference no: EM13743898

Questions Cloud

Assumptions of the theory of comparative advantage : All of the following are assumptions of the theory of comparative advantage, except

Basic three sector model and instead of assuming : If we modify our basic three sector model and instead of assuming that taxes are autonomous or fixed in amount (the Tx = Txo assumption) now assume that taxes are a positive function of income, will this modification have the effect of increasing, de..

Salaries of public school teachers in a midwestern city : 1. The following regression results relate to a study of the salaries of public school teachers in a midwestern city:

All other factors remaining unchanged : Using the circular flow (inner-tube) model for national income, what would be the effect of an increase in taxes, taken alone (that is, all other factors remaining unchanged)?

Describe the entrepreneurial profile : What is a market niche, and how does it apply to Taza's business model? What types of companies compete with Taza? What role has technology played in Taza's success? Describe the entrepreneurial profile. In what ways does Larry Slotnick display these..

Comparing current event and its connection with world war ii : analyzing comparing current event and its connection a World War II event. For this analysis, i've chosen to do a A Similarity Between Hitler and Putin.

Indicator of day-to-day money market conditions : The interest rate generally considered to be the best indicator of day-to-day money market conditions and the one most directly monitored/targeted by the Fed is:

Explain the biological function of natural chemicals : Explain the biological function of these natural chemicals that you might find in a hot dog: protein, fat, carbohydrate, vitamins

User Account

All Pages