According to the above table, the marginal propensity to consume is
A) 0.8. B) 0.75. C) 0.5. D) 0.6.
A
Economics
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Refer to Mexico and Japan. What is the cost of producing one unit of food in Japan?
a. 2 bolts of cloth per bushel.
b. 4/3 bolts of cloth per bushel.
c. 3/4 bolts of cloth per bushel.
d. none of the above.
Economics
When the government uses taxes and spending to affect national economy, it is engaging in:
a. fiscal policy. b. monetary policy. c. interest rate policy. d. trade policy. e. exchange rate policy.
Economics
Refer to the above table. What does the marginal product equal when the quantity of labor goes from 3 to 4?
A. 72 B. 9 C. 216 D. 18
Economics
Disposable income is income less net taxes.
Answer the following statement true (T) or false (F)
Economics