An increase in the marginal propensity to consume (MPC) will cause the consumption function to become steeper.
a. true
b. false
a. true
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The OFCCP can terminate government contracts from companies found to be discriminating
Indicate whether the statement is true or false
The monopsonist's labor supply curve is the same as the
a. wage rate b. marginal revenue product curve c. marginal physical product curve d. market labor demand curve e. market labor supply curve
A market has the following characteristics: There is strategic pricing, output is somewhat restricted, there is interdependent decision making, and some long-run economic profits are possible. This market is:
A. an oligopoly. B. monopolistically competitive. C. perfectly competitive. D. a monopoly.
If U.S. exports of goods and services exceed imports
A. GDP in the United States will be less than the sum of consumption, investment, and government purchases. B. GDP in the United States will exceed the sum of consumption, investment, and government purchases. C. net exports for the United States equals gross investment. D. net exports for the United States equals gross savings.