The marginal propensity to consume is the ratio of a change in consumption to a change in income
Indicate whether the statement is true or false
T
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Ideal randomized controlled experiments in economics are
A) often performed in practice. B) often used by the Federal Reserve to study the effects of monetary policy. C) useful because they give a definition of a causal effect. D) sometimes used by universities to determine who graduates in four years rather than five.
When a domestic currency appreciates, domestic firms that export goods and services will benefit from it
a. True b. False Indicate whether the statement is true or false
Which of the following adopted reforms that have substantially improved their economic freedom rating since 1980?
a. Ireland b. China c. New Zealand d. All of the above.
The closest a firm can come to being a perfect competitor would be
A. a corn farmer in Kansas. B. the owner of a small grocery store in St. Louis C. a used car dealer. D. a free agent major league baseball player.