Suppose a consumption function is given as C = $500 + 0.75YD. The marginal propensity to consume is
A. 0.75.
B. -0.75.
C. 0.25.
D. 200.
Answer: A
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When price is above the equilibrium level, competitive price cutting will continue as long as quantity supplied exceeds quantity demanded.
Answer the following statement true (T) or false (F)
Discuss why the World Bank has been criticized for making loans to nations that can attract private funds
What will be an ideal response?
If the domestic income of a nation’s citizens increase, then we might expect net export spending to:
A. increase. B. decrease. C. remain constant. D. there is not enough information to determine what would happen.
If a knowledge worker knows more than has manager it makes
A) sense to have a hierarchy organization. B) sense for the manager to closely monitor the employee. C) sense to promote the employee. D) no sense for the manager to monitor the employee.