The change in consumption divided by a change in disposable income is called the:
a. consumption function.
b. marginal propensity to consume.
c. marginal propensity to spend.
d. spending function.
e. changing propensity to consume.
b
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Refer to the table above. After applying the second bag of fertilizer, the farmer experienced
A) constant returns. B) diminishing returns. C) increasing returns. D) negative returns.
If a union is able to restrict the supply of a non-union-made substitute product,
a. wages will increase but employment will decrease b. wages will increase and employment will increase c. wages will decrease but employment will increase d. wages will decrease and employment will decrease e. the demand for non-union labor will increase
What is the most efficient way a company can grow top-line profitably?
a. Acquire new customers b. Retain and increase sales to existing customers c. Create new products d. Assess whether the economy is actually growing e. All of the above
During a recession, automatic stabilizers cause the federal deficit to
A. either increase or decrease. B. remain unchanged. C. increase. D. decrease.