Refer to the given table. The marginal propensity to consume is:
A. .5.
B. .75.
C. .8.
D. .9.
C. .8.
You might also like to view...
A current worker may save more towards retirement so that he or she will have more to leave his or her children later. This altruistic motive is known as the
A. altruism effect. B. bequest effect. C. income effect. D. savings effect.
Vertical integration can reduce transaction costs through all of the following ways except which one?
A) decreasing the incentive for litigation B) creating managerial diseconomies C) establishing a partnership between the two firms D) increasing information and control
Scarcity can be eliminated if:
a. people satisfy needs rather than wants. b. sufficient new resources were discovered. c. output of goods and services were increased. d. none of these.
In economics, ________ are limited but ________ are unlimited.
A. ideas; money B. money; ideas C. wants; resources D. resources; wants