The Keynesian consumption function is in an economy C = 10 + 0.8 Yd. When disposable income is €1000, what is total consumption?
(a) 0.8
(b) 800
(c) 810
(d) 0.81
Ans: (c) 810
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When a bank makes a loan to one of its customers, to the bank the loan is classified as
A) an asset. B) a liability. C) neither an asset nor a liability. D) an asset in some cases and a liability in other cases, depending on the type of loan.
Which of the following examines the costs and expected benefits of a choice?
a. choice-benefit analysis b. cost-profit analysis c. cost-benefit analysis d. choice-profit analysis
Recall the Application about incentives to immunize children in developing countries to answer the following question(s). According to this Application, which of the following were given to parents who immunized their children?
A. dal (a common Indian food) B. a set of cooking pans C. rupees D. both dal (a common Indian food) and a set of cooking pans
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A. increases at a proportional rate. B. decreases at a proportional rate. C. tends to remain very constant. D. increases to a point, but eventually may lose value with too much variety.