The marginal propensity to save is defined as:
A) ?C/?Yd.
B) ?S/?Yd.
C) ?Yd/?C.
D) ?Yd/?S.
B
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Which of the following situations is descriptive of the existence of a negative externality.
A. Vernon studies for his biology test late into the night and oversleeps the next morning, thus missing the test. B. Nancy is in the library looking for a book. She is talking to herself and consequently disturbs a few people in the library. C. Bob learns later that he could have purchased a pair of shoes for less than he paid. D. Jackie has had the flu and has stayed in bed for a week. E. none of the above
Over time, a country's real GDP per capita typically:
A. shrinks B. grows. C. remains stable. D. increases and decreases randomly.
A fall in prices of imported resources will cause aggregate:
A. demand to increase. B. supply to decrease. C. demand to decrease. D. supply to increase.
A firm has successfully adopted a positive technological change when
A) it can produce more output using the same inputs. B) it produces less pollution in its production process. C) it can pay its workers less yet increase its output. D) it sees an increase in worker productivity.