All of the following except ___________ are bases for judging job analysis.
A. currency
B. acceptability
C. cost
D. usefulness
C. cost
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When disposal income is $5.0 trillion, consumption expenditure is $4.5 trillion. When disposal income is $6.0 trillion, consumption expenditure is $5.0 trillion. What is the marginal propensity to consume?
What will be an ideal response?
Refer to the figure above. If a price control is imposed at $8, what is the loss in producer surplus?
A) $30 B) $60 C) $90 D) $120
One of the major reasons why nations trade is that
A. nations choose to trade for largely unknown reasons. B. resources are not equally distributed across the planet. C. nations wish to exert cultural influence abroad. D. nations wish to copy others and need imports to study.
The change in consumption divided by a change in disposable income is defined as:
a. the marginal propensity to consume. b. autonomous consumption. c. the consumption function. d. Keynes' absolute disposable income hypothesis. e. transitory consumption.