In the Keynesian consumption function

a. consumption is a constant fraction of income.
b. the marginal propensity to consume is constant.
c. disposable income determines consumption.
d. All of the above
e. None of the above


D

Economics

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The Zonamo company produces waste disposal machines and sells them to militaries all over the world. The company started last year with $10 million of capital on hand and invested $15 million in new capital throughout the year

At the end of the year, the company's capital stock was $17 million. Hence, for the year, depreciation equaled ________ and net investment equaled ________. A) $25 million; $5 million B) $5 million; $5 million C) $8 million; $7 million D) $7 million; $8 million E) $8 million; $15 million

Economics

"If production of a good creates an external cost, then, when production is such that the marginal private costs are equal to the marginal private benefits, the market outcome will be inefficient"

Explain whether this assertion is correct or incorrect.

Economics

Which of the following does the United States import?

a. cotton b. wheat c. oil seeds d. zinc e. barley

Economics

The market process avoids creative destruction

Indicate whether the statement is true or false

Economics