Which of the following is not reflected in the constant term associated with the marginal propensity to consume?
A) The level of C if Y were zero
B) People's consumption with zero income
C) All other influences on consumption besides income
D) All of the above are reflected in the constant term.
D
You might also like to view...
Suppose new electronic devices make it easier to monitor the effort levels of workers. What happens to the NSC curve in the efficiency wage model?
A) Shifts upward B) Shifts downward C) Remains the same D) The NSC curve remains the same, and the labor supply curve shifts leftward because shirking workers will leave the labor force.
Education is a good example of a positive externality because the benefits of an education accrue not only to the individual, but also to society as a whole
a. True b. False Indicate whether the statement is true or false
Which of the following can be considered as a cultural barrier to trade?
a. Prohibition on Zimbabwean aircrafts from flying over or landing in Canada b. Restriction on the export of luxury goods to the Democratic Peoples Republic of Korea from Canada c. An arms embargo imposed on China by the U.K. government d. Japanese law requiring a new retail firm to receive permission from other retailers in the area in order to open a business e. Restriction on the export of strategic goods to Ghana imposed by the government of U.K
The definition of Gross Domestic Product is
a. the total value of all sales in the economy. b. the total value of production in the domestic economy plus the production of domestic firms in foreign countries. c. the total value of all sales of final and intermediate goods in the domestic economy. d. the total of the money values of all final goods and services produced in the domestic economy within a specific time period.