Goods that are rival in consumption include both
a. club goods and public goods.
b. public goods and common resources.
c. common resources and private goods.
d. private goods and club goods.
c
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According to the Keynesian model, what are the two components of consumption spending? What determines how consumption changes when real disposable income changes? Explain
What will be an ideal response?
If the working age population ________ and the labor force does not change, the ________
A) increases; labor force participation rate will increase B) increases; labor force participation rate will decrease C) increases; unemployment rate will increase D) decreases; unemployment rate will increase E) decreases; labor force will increase
Refer to Figure 4-3. Kendra's marginal benefit from consuming the third ice cream cone is
A) $13.00. B) $2.50. C) $1.50. D) $0.50.
According to the IS equation, a change in which of the following will cause a change in output?
A) real interest rate B) autonomous investment C) marginal propensity to consume D) all of the above E) none of the above