If the marginal propensity to consume (MPC) is 0.90, the value of the spending multiplier is 90
a. True
b. False
Indicate whether the statement is true or false
False
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The more bidders there are at a second-price auction,
a. the higher the expected selling price b. the higher each bidder bids c. the more each bidder will shade his bid d. the less each bidder will shade his bid
When firms price based on the packaging of several products, they are
A) using a limit price. B) predatory in their marketing. C) bundling. D) none of these choices.
ISI policies were brought to an end primarily by
A) their inability to solve the crises of the 1980s. B) authoritarian governments interested in total control over the economy. C) populist politicians. D) protests by consumers.
Which of the following individuals is most likely to migrate to Switzerland, assuming that all face equally good prospects of securing a good job after arrival?
A. Ricardo is 25 years old, single, and currently lives in Italy. B. Ivan is 50 years old, married, and currently lives in Russia. C. Maria is 40 years old, married with three children, and currently lives in Mexico. D. Tran is 35 years old, single, speaks only Vietnamese and a little English, and currently lives in Vietnam.