Refer to the given data. The marginal propensity to consume is:
A. .25.
B. .75.
C. .20.
D. .80.
D. .80.
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In the economy of Iota, 9 people have jobs, 1 person is not working but is searching for work, and 10 people don't work and don't seek work. The unemployment rate is
A) 10 percent. B) 25 percent. C) 33 percent. D) 50 percent. E) none of the above.
The twelve district banks of the Federal Reserve System were created to decentralize power and to respond to the public's fears of the monopoly power of a single central bank such as the Bank of England or the Bank of Japan
a. True b. False Indicate whether the statement is true or false
Price discrimination allows a monopolist to make higher profits
a. True b. False Indicate whether the statement is true or false
The price elasticity of demand is negative because of
A. the midpoint formula. B. scarcity. C. the law of demand. D. percent-changes being used in the formula.