Refer to the information provided in Figure 23.1 below to answer the question(s) that follow.
Figure 23.1Refer to Figure 23.1. The ________ for this household is 0.5 and the ________ is also 0.5.
A. MPC; MPS
B. consumption function; saving function
C. MPS; saving function
D. MPC; consumption function
Answer: A
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The forecasting technique, which predicts technological trends and is carried out by a sequential series of written questions and answers is
A) the Delphi method. B) the market research method. C) opinion polling. D) the jury of executive opinion approach.
When economic profits are zero, accounting profits are most likely:
A. zero. B. negative. C. positive. D. All of these are likely.
The conventional tools of monetary policy include:
A. the currency-to-deposit ratio. B. the deposit rate. C. the target federal funds rate range. D. both the deposit rate and the target federal funds rate range.
From the perspective of consumers, a quota is preferred to a tariff.
Answer the following statement true (T) or false (F)