Identify the correct statement with respect to consumption and saving function
a. Both the consumption function and the saving function have negative slopes.
b. As disposable income declines, consumption and saving increase.
c. The consumption function has a negative slope while the saving function has a positive slope.
d. As disposable income rises, consumption and saving increases.
e. The consumption function has a positive slope while the saving function has a negative slope.
d
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In 1998 an economic and financial crisis in South Korea caused it to experience
A) a surplus in their balance of payments. B) a deficit in their balance of payments. C) a balanced balance of payments. D) an unbalanced balance of payments. E) a lull in international trade.
Which of the following is true?
a. During any given year, the size of the economic pie available for allocation to individuals is fixed. b. When the link between worker productivity and reward is weakened, individuals have less incentive to create income. c. If they reduce income inequality, taxes and income transfers will not alter the incentive of individuals to engage in productive activity. d. The total output of an economy is unrelated to the distribution of income.
The table below shows how the payoffs to two political candidates depend on whether the candidates run a positive or negative campaign. The payoffs are given in terms of the percentage change in the number of votes received. 
In the Nash equilibrium of this game:
A. as long as one party runs a positive campaign, the other does too. B. both candidates run positive campaigns. C. one candidate runs a positive campaign, and the other runs a negative campaign. D. both candidates run negative campaigns.
Ceteris paribus, an increase in the supply of a good causes which of the following?
A. Lowers the equilibrium price, and reduces the quantity bought and sold. B. Raises the equilibrium price, and raises the quantity bought and sold. C. Raises the equilibrium price, and increases the quantity bought and sold. D. Lowers the equilibrium price, and increases the quantity bought and sold.