The above table has data from the nation of Atlantica. Based on these data, what is marginal propensity to consume?
A) 1.50 B) 1.00 C) 1.33 D) 0.50 E) 0.75
E
Economics
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Every cost-minimizing producer is profit-maximizing.
Answer the following statement true (T) or false (F)
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The merit standard refers to
A) "To each according to her need." B) "To each exactly the same." C) "To each according to her productivity." D) "To each according to his ability."
Economics
When considering the factor distribution of income, into whose income would corporate profits be included?
A. Owners of physical capital B. Owners of human capital C. Proprietors D. Workers.
Economics
The effects of tariffs and quotas are: a(n) __________ in consumers' surplus, and a(n) __________ in producers' surplus
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
Economics