According to the book, the most likely time for women's friendships to fall off is between the ages of:
a. 15-20
b. 25-40
c. 45-50
d. 51-60
B
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The marginal propensity to consume (MPC)
A) shows the percentage of real disposable income consumed at each level of income. B) shows how much of an extra dollar of real disposable income is spent. C) shows how much real disposable income changes when consumption falls. D) is greater than 1 only if the marginal propensity to save is greater than 1.
If an alternative provides a benefit of $8 to an individual at a cost of $6, the net benefits of the alternative equal:
A) $0.75. B) $48. C) $2. D) $14.
Using the Phillips curves, what are the short-run and long-run effects of a decrease in the inflation rate?
What will be an ideal response?
If customer discrimination does not exist, firms that discriminate on the basis of race or sex will
A) have higher costs than those that do not. B) have the same level of costs as those that do not. C) have lower costs than those that do not. D) tend to survive whereas firms that do not discriminate will tend to fail.