If the MPS is 0.22, the MPC is
A. -0.22.
B. 0.66.
C. 0.78.
D. 1.22.
Answer: C
You might also like to view...
The theoretical effects of taxation on portfolio composition are ambiguous.
A. True B. False C. Uncertain
In the market for loanable funds, the supply curve:
A. represents savers. B. is downward sloping. C. reflects that more people will choose to save the lower is the interest rate. D. is made up of people who want to borrow funds.
Thinking of a Gap store as a production plant, explain why Gap is making a decision to reduce the size of its stores. Is Gap's decision a long-run decision or a short-run decision?
What will be an ideal response?
Economists typically suggest three choices that allow a polluter to decide how to absorb most, or perhaps all, of the social costs of its actions, which are
A) continuing to overproduce the good, lowering the price of the good, or cutting output. B) reducing the pollution-causing activity, changing production techniques, or paying a price to pollute. C) installing pollution abatement equipment, paying to pollute, or just ignoring the issue. D) paying a pollution tax, continuing to use existing production techniques, or continuing the polluting behavior without regard to the social implications.