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Answer the question on the basis of the following data. After -Tax Income Consumption $ 1,000 $ 900 2,000 1, 800 3,000 2,700 4,000 3,600
Answer the question on the basis of the following data. After -Tax Income Consumption $ 1,000 $ 900 2,000 1, 800 3,000 2,700 4,000 3,600 5,000 4,500 The data suggest that Multiple Choice O consumption varies inversely with after-tax income. O consumption varies directly with after-tax income. O consumption and after-tax income are unrelated. O a tax increase will increase consumption.Duckistan Production Possibilities A B C D E Civilian Goods 18 14 8 Military Goods 1 2 3 4 Herbania Production Possibilities A B C D E Civilian Goods 10 36 26 14 Military Goods 1 2 3 4 Refer to the tables. Opportunity costs of producing military goods are Multiple Choice O increasing in Duckistan but constant in Herbania. O constant in both Duckistan and Herbania. O larger in Duckistan than in Herbania. O smaller in Duckistan than Herbania
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