The fraction of a change in real disposable income that is spent is referred to as the
A) APC.
B) MPC.
C) MPS.
D) APS.
B
Economics
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A savings account is an example of consumer income.
Answer the following statement true (T) or false (F)
Economics
Requiring that all cars meet certain pollution emission standards is an example of
a. the creation of a property right b. taxation to pay for the pollution clean up c. an obligatory control d. nationalization e. federalism
Economics
Define an economy. Illustrate with an example that the economic life of every individual is interconnected
Economics
Which of the following is an example of a nondurable good?
a. ice cream b. silverware c. motorcycle d. chair
Economics