If a household is credit rationed, the MPC out of current disposable income is ________ compared to the MPC out of current disposable income if a household is not credit rationed
A) higher
B) lower
C) the same
D) negative
A
You might also like to view...
Fred and Ann are both given free tickets to see a movie. Both decide to see the same movie. We know that
A) both bear an opportunity cost of seeing the movie because they could have done other things instead of seeing the movie. B) both bear the same opportunity cost of seeing the movie because they are doing the same thing. C) it is not possible to calculate the opportunity cost of seeing the movie because the tickets were free. D) the opportunity cost of seeing the movie is zero because the tickets were free.
In the above figure, the most efficient way to produce 10 units is to hire
A) 1 worker. B) 2 workers. C) 3 workers. D) 5 workers.
When the market is in long-run equilibrium in a perfectly competitive market, this implies that in the long run means
A. no firm in the industry has an incentive to exit. B. no firm outside the industry has an incentive to enter. C. no firm in the industry has an incentive to increase or decrease its output. D. all of these conditions are met in the long run equilibrium.
The first antitrust law in the United States was the
A) Glass-Steagall Act. B) Robinson-Patman Act. C) Clayton Act. D) Sherman Act.