How much is the average propensity to consume when disposable income is $2 trillion?
A. .25
B. .5
C. .75
D. 1.0
D. 1.0
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Wage discrimination occurs when people are paid different salaries based upon: a. education
b. ethnicity. c. willingness to work. d. talent.
The CPI: a. includes fewer goods and services than the GDP deflator
b. generally rises substantially slower than the GDP deflator during inflationary conditions. c. ignores imported goods purchased by consumers. d. is the broadest generally reported measure of inflation.
A $0.10 tax levied on the sellers of chocolate bars will cause the
a. supply curve for chocolate bars to shift down by $0.10. b. supply curve for chocolate bars to shift up by $0.10. c. demand curve for chocolate bars to shift down by $0.10. d. demand curve for chocolate bars to shift up by $0.10.
Perfect competition leads to ______ than does a monopoly.
a. lower output b. higher prices c. lower prices d. slower output