An increase in the marginal propensity to save from .1 to .2 will cause
A) an increase in the multiplier and a given change in autonomous consumption (c0 ) to have a smaller effect on output.
B) an increase in the multiplier and a given change in autonomous consumption (c0 ) to have a larger effect on output.
C) a reduction in the multiplier and a given change in autonomous consumption (c0 ) to have a smaller effect on output.
D) a reduction in the multiplier and a given change in autonomous consumption (c0 ) to have a larger effect on output.
C
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Even though points inside a production possibilities curve are attainable, why are they not preferred?
What will be an ideal response?
The United States imports t-shirts from Asia. As a result, U.S. consumers pay ________ otherwise and Asian producers receive ________ otherwise
A) a higher price than; a higher price than B) a higher price than; a lower price than C) a lower price than; a higher price than D) a lower price than; a lower price than E) the same price as; the same price as
When Dr. Goldfinger decides on the companies in which he will invest, a ________ issue is being addressed
A) positive economic B) normative economic C) microeconomic D) macroeconomic
Which country was among the lowest ranking by the World Bank for effective protection of property rights and rule-based governance?
a. South Korea b. Venezuela c. Central African Republic d. Iran