If wealth ________, then saving increases, which is shown by a ________
A) decreases; rightward shift of the supply of loanable funds curve
B) decreases; movement downward along the supply of loanable funds curve
C) increases; rightward shift of the supply of loanable funds curve
D) increases; leftward shift of the supply of loanable funds curve
E) increases; movement upward along the supply of loanable funds curve
A
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The marginal propensity to save (MPS) is equal to
A) MPC + 1. B) 1 + MPC. C) 1 - MPC. D) MPC - 1.
The closer the R2 of a regression is to ________, the ________ accurate and ________ valuable the forecast.
A) 0; less; more B) 0; more; more C) 1; less; less D) 1; more; more
In which of the following situations is cheating on a collusive agreement is most likely?
a. Prices are publicly posted. b. There are few sellers in the market. c. The market demand curve is elastic. d. There are economies of scale. e. Prices are difficult for competitors to observe.
Which of the following is an example of a private good?
a. Cable television b. Health care c. The judiciary d. Cars