The marginal propensity to consume explains how much of the next dollar of disposable income
A) a household will spend.
B) a business will invest.
C) the government will spend.
D) foreign residents will use to purchase domestic exports.
A
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Which of the following insurance practices attempts to minimize the adverse selection problem insurance companies face?
A) prevention of fraud B) risk-based premiums C) restrictive provisions D) deductibles
The recognition that _____ plays a profound role in many developing nations has led to more attention to this factor when choosing an exchange rate regime.
A) poverty B) illiteracy C) currency mismatch due to liability dollarization D) government corruption
Figure 4.5 illustrates a set of supply and demand curves for hamburgers. An increase in supply and an increase in demand are represented by a movement from:
A. point d to point b. B. point d to point a. C. point c to point a. D. point b to point c.
Which of the following types of firm most closely fits the description of a competitive firm?
a. new car manufacturers: General Motors, Ford, Chrysler, Toyota, etc. b. local grocery stores c. corn farmers d. the local electric utility