Use the above table. We can infer from the table that when real disposable income is $175
A) APC = 0.80. B) APC = 0.09. C) APC = 0.91. D) APC = 0.20.
C
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What is required for a negative externality to occur?
A) The intention or plan to directly impose costs on others B) The full costs of an action aren't taken into account C) A total lack of concern for other people's welfare D) Greed
Precisely what is meant by economic income?
What will be an ideal response?
When the R2 of a regression equation is very high, it indicates that
A) all the coefficients are statistically significant. B) the intercept term has no economic meaning. C) a high proportion of the variation in the dependent variable can be accounted for by the variation in the independent variables. D) there is a good chance of serial correlation and so the equation must be discarded.
The main transfer programs of the U.S. government include each of the following, except:
a. social insurance. b. cash welfare or public assistance. c. in-kind transfers. d. veterans' benefits. e. employment programs.